TAO is forming an ascending triangle on higher timeframes with strengthening volume—this could signal an imminent short-term breakout. The rising momentum looks solid, and traders are watching closely for a potential move higher. The volume surge accompanying this pattern suggests institutional or significant retail interest building behind the move. Keep monitoring the upper resistance level; a decisive close above it would confirm bullish intent. $TAO remains one to track on your watchlist.
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SmartContractPlumber
· 10h ago
Ascending triangle + increased volume, old trick. The question is whether this thing dares to truly break out or if it's just another round of fake breakouts to fool retail investors into entering? I've seen too many contract exploits where the chain operates this way—attract liquidity and then directly cut the leeks. It depends on whether institutions are really building positions or unloading, the difference is significant.
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FOMOSapien
· 01-11 23:29
This wave of TAO forming an ascending triangle looks decent. Just waiting for the breakout moment to see if it's a genuine breakout or another false signal.
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SchroedingerAirdrop
· 01-11 23:23
I've seen this ascending triangle pattern so many times, I'm just worried I'll only realize when it breaks out.
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NoStopLossNut
· 01-11 23:20
This wave of TAO looks decent in terms of chart, but I don't know if institutions have really entered the market or if they're just cutting leeks again.
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RetiredMiner
· 01-11 23:13
The ascending triangle is indeed beautiful, but this kind of pattern can also be quite deceptive. Be careful not to get trapped.
TAO is forming an ascending triangle on higher timeframes with strengthening volume—this could signal an imminent short-term breakout. The rising momentum looks solid, and traders are watching closely for a potential move higher. The volume surge accompanying this pattern suggests institutional or significant retail interest building behind the move. Keep monitoring the upper resistance level; a decisive close above it would confirm bullish intent. $TAO remains one to track on your watchlist.