Bittensor Price Action - Update to fit my bias

Updated

Update 1:

The 50 MA and 100 MA have crossed on Bittensor, moving price downwards toward $180 levels. The Order Block on $180 will be retested. If the OB gets filled and rejects the downtrend, I'm hoping for a very bullish scenario.

Worst case scenario: Bittensor price-wise may retest 44/TAO. There's a huge OB waiting at those levels.

What's your take on this? Where do you see TAO is headed?

Note

Price has entered the order block and it seems to be filled (62.866k) (that's why you see the bought up huge sell candle today)
Could that Order block push us in the uptrend again? RSI is oversold, price is below the 50 MA so it still has room to fall.

Trade active

Good Position to DCA în.
If we Close daily on Red, which is quite likely - price Will follow path to $220 short Term. I'm expecting a trend reversal soon.

Note

I see a cup and handle forming up, it's still early to tell if it will hold, but the trend reversal is inbound and cooking.

Trade closed: target reached

The setup is still valid, I had funds ready in preparation for the dip at 170. huge dip = huge gains.

tradingraider

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