$TAO /USDT BEARISH RETEST IN PLAY — SELLERS DEFENDING RESISTANCE ZONE!
Price action has faced strong rejection from the $421 resistance zone after a parabolic move up. A lower high is forming with wicks rejecting bullish attempts, and current candle structure is leaning toward a breakdown. If $416 fails as support, we may see price revisit lower demand zones near $410 and below.
Trade Setup:
Short Entry: $416 – $418
Take Profit (TP): $409 / $402
Stop Loss (SL): $421.50
Market Outlook:
Momentum is shifting in favor of bears as price consolidates under major resistance. A breakdown from this zone could trigger a quick move toward lower support. Volatility expected to increase — use proper risk management.
Follow community
Join the momentum before it leaves you behind. Early entries get rewarded — don’t be late to the trend!
This is your signal. Tap in before the next breakout candle!
#CryptoTrading #TAOUSDT #TechnicalAnalysis #BearishSetup #AltcoinSignals
buy and trade here on $TAO