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.
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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%
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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.
