Bittensor (TAO) Classic Lower-High 5X-SHORT—242% Potential
2024-11-06

Good morning my fellow traders, I had to wait patiently on this one before releasing the full trade-numbers as we needed a better entry price. Two days ago it was too low.

We are looking at Bittensor (TAOUSDT) and we have a long-term lower high. We identify the pattern as long-term because it is more than 6 months old.

Currently there is a small bounce which is accompanied by low volume and any rise on a drop is a sell opportunity.

I will share one more of these trades we will be move to a different format.

Thanks a lot for your continued support.

___
 SHORT TAOUSDT 

Leverage: 5X

Entry levels: 

1) $575
2) $555
3) $525

Targets:

1) $510
2) $475
3) $450
4) $392
5) $345
6) $310
7) $290
8) $270

Stop-loss:
Close daily above $580

Potential profits: 242%

Capital allocation: 3%
____

Remember the risk. This is not for beginners. Never max-out on leverage so you have room to maneuver. Even if the setup looks ultra-great there is always reason to be patient and stay within your initial position because market conditions can always change. We need to be wise, smart and non-greedy to be able to win with these trades.

We have many of these now live and green. PEPE, SHIB, SOL, BNB, OM; just to mention a few. Recently I shared SUI and will do SEI next to end our public shorts session and prepare for a change in the market cycle.

This is not financial advice.

Thank you for your support.

Namaste. 