$TAO /USDT short trade signal 🛑 🚦
BEARISH SETUP: MULTIPLE REJECTIONS NEAR RESISTANCE POINT TO AN IMPENDING DROP
TAO has been repeatedly rejected from the $377–$379 resistance area, failing to break out with strength. Price is now consolidating just below this key level, forming a lower high setup and showing signs of bearish momentum. The sharp wick rejections suggest that sellers are defending the resistance aggressively, increasing the likelihood of a downside move.
Trade Setup:
Entry (Short): $374.30
Take Profit (TP): $367.50
Stop Loss (SL): $378.85
Market Outlook:
If bearish momentum continues, TAO could break below minor support and test the lower demand zone near $367. A sustained drop below this level may trigger a larger correction. Maintain tight stop-loss management as volatility around resistance remains high.
Command: "Short the rejection, let the market pay you on the drop!"
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