#TAO
$TAO /USDT Short Trading Signal 🚦🛑
Bearish Setup — the price is facing strong rejection from the supply zone 🔻
TAO is currently trading at $419.97, and the price has been strongly rejected from the resistance area at $423.72, confirming the bearish pressure. The last attempt to break above this resistance has been invalidated, leading to selling with lower highs and an increase in volume on red candles. The movement towards the lower support is likely to continue.$TAO
Trading Setup (Short):
Entry: $420.50 – $423.00
Take Profit (TP): $413.00
Stop Loss (SL): $424.60
Market Outlook:
The structure remains bearish under the resistance at $423.72. If the price fails to reclaim this level, it may push the bears to drive the price towards the support area at $413.00. Watch for confirmation of volume collapse to continue.
Risk Management:
Use 2-3% of your capital for each trade and place your stop loss above the resistance to protect yourself from false breakouts.
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