We Might Be Seeing a Good Bounce From $TAO @opentensor here.
#TAO is displaying a setup very similar to what we’ve seen before.
After the EMA crossover, the price experienced a strong dip and is now returning to the same local support zone where we previously saw a solid bounce.
This area is acting as a buy zone again. If buyers step in the same way they did last time, we could be looking at a similar upside move from here.
As long as this support holds, the bias stays in favour of a bounce and continuation toward higher levels.
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We Might Be Seeing a Good Bounce From $TAO @opentensor here.
#TAO is displaying a setup very similar to what we’ve seen before.
After the EMA crossover, the price experienced a strong dip and is now returning to the same local support zone where we previously saw a solid bounce.
This area is acting as a buy zone again. If buyers step in the same way they did last time, we could be looking at a similar upside move from here.
As long as this support holds, the bias stays in favour of a bounce and continuation toward higher levels.