🚨 $TAO has a high probability of having placed its bottom, I'll explain 👇

Bittensor's TAO, after retracing 75%, created a big support 📉

🔹 This support was created by Smart Money to encourage Dumb Money to move in

Dumb Money buys and puts its SL below support (sell order) 🔴

📊 And the TAO forms a Head and Shoulders, being a big bearish setup for Dumb Money

Then, the $TAO broke the 193$, which was the big support, but also the neckline of the Dumb Money chart setup.

👉 A mass of sell orders was then released (the SL of the DM + the sell orders due to the break of the ETE neckline)

🎯 This is called a liquidity pool 💰

Which, under this support, allowed Smart Money to recover the counterpart and buy back the orders on sale so that it could place itself 🔥

🎯 This is what is called a Strong Hand/Weak Hand Transfer

Now it is very likely that the $TAO will bottom for the next 3 months imo ✅