#Bittensor 

$TAO longer term view. 

Two ways of looking at $TAO.  We have an impulse off of the lows from September that's gotten into an expanded flat correction.  

For this scenario, I don't want to see a new low but have the last leg of the correction stop at the lowest $315.  This is the most optimistic scenario.  And I need to see quick progress towards $500.  

The second possibility, this is a running flat correction and we haven't had an impulse up yet since the top of 2024.  If we look at it this way the correction is almost done, but we need to pump out quickly.  

This would make measuring the next wave up difficult given that the target would be so ridiculously high off of the first macro impulse, I would wait to see what is actually happening.  

Lastly the more bearish scenario in line with the thinking of a corrective move is that we have not completed the C leg.  

So if you hold or are bullish on $TAO, it must defend  $265. That is the last line of defense.  

Good Luck Degen.
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