$TAO's current price level is indeed worth paying attention to. It has fallen from a high of 530 down to around 200 before stopping the decline. During this process, it has recently been fluctuating around 220, seemingly engaging in a shakeout.
The prolonged consolidation at the low levels indicates that the main force is actively washing out chips, preparing for the upcoming rise. According to this logic, breaking through and directly surging to the top of the gainers list is not surprising. The question is, how is the most reasonable way to enter now.
If you are interested in this opportunity, there is indeed room to buy at the 220 level, but don't be too impatient. Lightly building a position gradually is a more prudent choice, leaving enough room for error. Jumping in with a heavy position hastily can easily lead to a psychological breakdown if the market moves against you.
Additionally, pay attention to the correlation between $LIGHT and $RIVER, as the performance of these types of tokens during this wave of adjustment is also meaningful for reference. Overall, this stage is suitable for deployment, but the rhythm is very important.
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DegenWhisperer
· 3h ago
The 220 level is indeed tempting, but I still think we should wait and see... The main force's tactic of shaking out the chips is always the same, but what happens next?
Don't rush in impulsively. Let's see how LIGHT and RIVER perform before making any moves.
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OvertimeSquid
· 3h ago
There is indeed a chance around 220, but I still think waiting a bit longer is more prudent.
Wait, did TAO drop from 530 to 200 too sharply? The main force's shakeout this time is really fierce.
Small positions gradually? Understandable, but the problem is no one can really do it, haha.
If LIGHT and RIVER follow up, it might be a signal. I'll observe first and then decide.
Being at a low level for so long, is it really accumulation or does no one want it...
Enter at 220? Forget it, I'll wait for a more stable position. One breakdown is enough for my mentality.
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CryptoWageSlave
· 3h ago
220 is still fluctuating repeatedly, just waiting for us to cut our losses, haha.
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ChainPoet
· 3h ago
220 is really a good entry point, but I think it still depends on the market sentiment.
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just_another_fish
· 3h ago
The 220 level is indeed attractive, but I still have to wait. I was really scared after being heavily invested and caught once last time.
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RektRecorder
· 3h ago
The 220 price level is indeed interesting, but I'm still waiting and watching, worried that the main players are just fishing.
$TAO's current price level is indeed worth paying attention to. It has fallen from a high of 530 down to around 200 before stopping the decline. During this process, it has recently been fluctuating around 220, seemingly engaging in a shakeout.
The prolonged consolidation at the low levels indicates that the main force is actively washing out chips, preparing for the upcoming rise. According to this logic, breaking through and directly surging to the top of the gainers list is not surprising. The question is, how is the most reasonable way to enter now.
If you are interested in this opportunity, there is indeed room to buy at the 220 level, but don't be too impatient. Lightly building a position gradually is a more prudent choice, leaving enough room for error. Jumping in with a heavy position hastily can easily lead to a psychological breakdown if the market moves against you.
Additionally, pay attention to the correlation between $LIGHT and $RIVER, as the performance of these types of tokens during this wave of adjustment is also meaningful for reference. Overall, this stage is suitable for deployment, but the rhythm is very important.