$TAO /USDT โ Short Opportunity After Parabolic Spike! ๐ป
Current Price: $465.4
$TAO is up +11.69% today but shows a slowdown near the $475.7 top. Hourly rejection candles signal incoming correction!
Short Trade Setup:
Entry Zone: $464 โ $468
TP1: $455
TP2: $444
TP3: $431
Stop Loss: $476.5
Market Insight:
Extended rally looks overheated
Consecutive rejection wicks forming on lower highs
Volume tapering off as price struggles to hold above $470
Pro Tip:
Parabolic moves often retrace 30โ50% of the impulse. Use trailing stops to secure profits fast!
Momentum fadingโwatch TAO for a quick reversal scalp!
