TAO SWING LONG IDEA

23 thg 12, 2024

I know everyone is fearful in the crypto market right now.

People are scared to buy at these lows because they believe Bitcoin will likely continue to decline. And yes, that could happen. But guess what?

1. BTC is sitting on daily support.
   
2. BTC dominance hit 60% and is possibly forming lower highs (check my BTC DOM analysis).
   
3. The Fear Index is at 54—people are scared.
   
4. Funding rates are extremely negative.
   
5. Most assets' RSI levels are oversold (in a bull market!).
   
6. All these factors tell me it’s the perfect time to open swing long positions while everyone else is panicking and selling their coins at the lows.
   

Let’s take TAO as an example:

1. We’ve hit a key SR level.
   
2. The election swing lows have been raided.
   
3. A 4H bullish HTF shift has occurred—this is my confirmation.
   

Entry: $455
SL: $355 (closing daily below)
TP: ATH - $750

Good luck! And remember: buy when they’re scared, and sell when they’re greedy.

-AS ALWAYS, MANAGE YOUR RISK-