TAO Bearish continuation likely incoming
2025-01-09
Category: None

Our previous bearish trade on TAO has successfully reached its targets (analysis here)


The way selling candles cut through the box like warm butter indicates there is more downside to go

400 dollars target is on the horizon again

400 dollars is the major support level that has held twice

It needs to hold again, and ideally not be tested again

if it doesn't hold or is tested one more time afterwards, things will look very gloomy for bittensor