Did you smoke something?

🔥 Why maintain or go LONG, at $TAO (Bittensor)? Realistic analysis of the AI narrative 🚀

The AI sector is leading the narrative in the current market, and Bittensor (TAO) is consolidating as the leading decentralized infrastructure.🤖

📊Technical Analysis:

📈Bullish Structure: $TAO has shown higher lows on the daily chart, suggesting gradual consolidation leading to a next bullish impulse.

🧾Volume: Sustained buying volume is observed, indicating accumulation by "strong hands", not just retail speculation.🛒🤑

🚨Watch Out! Strong narrative: AI is not a passing trend, and Bittensor is building the standard for incentives for machine learning models.

📈Long Strategy📈

📥Entry: Corrections towards the previous support zone.

💰Target (TP): Looking for previous all-time highs or Fibonacci extension levels.

🚨Stop Loss (SL): Mandatory below the consolidation zone, to protect capital if a general pullback occurs.

With this, my dear ones, we can conclude that: TAO offers an interesting risk/reward balance for a bullish swing trade in the medium term, leveraged on the technological trend.

This is not financial advice. We do not suggest exact values; for that, do your own research.

#TAO #bittensor #AI #cryptotrading #longpositions $TAO
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