Ghost

bullish

Bittensor

POPCAT

Gains

<p>Crypto analyst Ghost has illuminated a breakout in the <a href="https://captainaltcoin.com/heres-why-bittensor-tao-and-celestia-tia-prices-are-pumping-major-resistance-could-shorten-rallies/" target="_blank" rel="noopener noreferrer nofollow">Bittensor (TAO) chart</a>. TAO has successfully exited a downward channel, marking a bullish departure from previous trends.&nbsp;</p>
<p>This development suggests a potential end to its preceding downtrend, offering a reversal outlook that’s catching the eyes of market watchers. Notably, TAO differs from other altcoins by forming a Higher Low on the three-day chart, rather than the common Lower High.&nbsp;</p>
<p>This technical pattern is generally viewed as a bullish indicator, implying that investors are stepping in at higher price points than before.&nbsp; Moreover, TAO faces a test at the $360 resistance level. Overcoming this barrier could firmly establish a new uptrend, enhancing its market stance.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24TAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TAO</a><br><br>Broke out from the channel as said. Chart is really clean. Big resistance at 360$ level.<br><br>The difference with other <a href="https://twitter.com/search?q=%24alts&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$alts</a> is that TAO made a HL on 3D chart and not another LH. <br><br>So now we need to see if we will finally break the 360$ level and it will start another uptrend… <a href="https://t.co/LPKgIKfVMt" target="_blank" rel="noopener noreferrer nofollow">https://t.co/LPKgIKfVMt</a> <a href="https://t.co/yd5hWUNGq2" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/yd5hWUNGq2</a></p>— Ghost <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f47b.png" alt="👻" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@TheGhostBTC) <a href="https://twitter.com/TheGhostBTC/status/1829099007383146898?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 29, 2024</a>
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<h2 class="wp-block-heading" id="strong-trading-strategies-and-risk-management-strong"><strong>Trading Strategies and Risk Management</strong></h2>
<p>Ghost proposes a dual approach for handling TAO investments. For the more risk-tolerant traders, he suggests DCAing at the current levels. This strategy could mitigate risk by spreading purchases over time.&nbsp;</p>
<p>Conversely, conservative traders might prefer to wait for a clear break above the $360 mark before committing, to ensure the movement isn’t a false positive.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/heres-why-bitcoin-btc-price-could-struggle-in-september/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Here’s Why Bitcoin (BTC) Price Could Struggle In September</em></strong><strong><em><br></em></strong></a></p>
<h2 class="wp-block-heading" id="strong-monitoring-market-indicators-strong"><strong>Monitoring Market Indicators</strong></h2>
<p>Further insights can be gained by observing trading volumes and the MACD indicator. An uptick in volume coupled with a bullish MACD crossover might confirm the anticipated upward trajectory.&nbsp;</p>
<p>These indicators are critical as they provide additional confirmation of the trend, ensuring traders can make informed decisions based on robust market data.</p>
<p>The potential for TAO to commence a new uptrend hinges on its ability to breach and sustain above the $360 level. Traders are advised to monitor these developments closely, as the next few trading sessions could be pivotal in determining its short-term market trajectory.&nbsp;</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/bittensor-tao-signals-bull-run-eyes-360-for-further-gains/" rel="noopener noreferrer nofollow">Bittensor (TAO) Signals Bull Run, Eyes $360 For Further Gains</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bittensor (TAO) Signals Bull Run, Eyes $360 For Further Gains

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