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bittensor:native just broke below a key support zone and is now trading under the 200 MA, which keeps the overall structure bearish.
Current price action looks like a breakdown retest, and buyers still look weak here.
As long as the price stays below the broken support area, downside pressure remains strong.
Entry: 255 – 260
Stop: 265
Targets:
TP1: 240
TP2: 224
TP3: 200
A rejection from this zone could lead to another strong move down.
Break back above resistance = setup invalid.
#TAO