$TAO SUPPLY ZONE REJECTION IN PLAY – SHORT SETUP TRIGGERED
After a sharp bullish surge, price just got rejected at the $363.90 resistance level, hinting at a slowdown in buying strength. This area is now proving to be a firm supply zone, and the current price action suggests a potential shift in momentum.
Short Trade Plan: $TAO
Entry Zone: $361.20 – $363.90
Take Profit: $343.80
Stop Loss: $366.10
Market Insight:
With momentum stalling near the highs, bulls may struggle to push further unless they reclaim key levels. Until then, the setup favors a retracement toward lower support zones. Technically, this provides a clean risk-reward window for sellers.
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