$TAO /USDT short trade signal ๐ฆ ๐
BEARISH SETUP: SUPPLY ZONE REJECTION SIGNALS ANOTHER DOWNSIDE MOVE
Price is currently facing strong resistance around the $367-$370 zone and has shown signs of rejection after a retest. The recent breakdown and failed bullish momentum suggest bears are regaining control, targeting further downside in the short term.
Trade Setup:
Entry Zone: $360 โ $361
Take Profit (TP): $344
Stop Loss (SL): $370
Market Outlook:
TAO is trading below multiple rejection zones and has formed a lower high structure. Volume shows a spike on the breakdown, indicating increased seller pressure. As long as price remains under the $367 supply region, the bias stays bearish.
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