📉 $TAO /USDT – Approaching Key Resistance at $435

A potential short setup is forming. Let’s break down the technicals and sentiment 👇

🔍 Technical Analysis: $435–$440 Supply Zone

On the 4H chart, TAO is approaching heavy resistance around $435–$440 — a known sell zone from past price action.

📌 Key Levels:

• Resistance: $435–$440

• Support 1: $405

• Support 2: $388

• 50 EMA: Price trading above, signaling possible short-term exhaustion.

⚠️ Watch for rejection candles or bearish divergence in this area as signs of a reversal.

📊 Market Sentiment: Cautious Optimism

While bulls pushed TAO higher recently, sentiment is showing signs of cooling off:

• RSI near overbought → Suggests limited upside

• Volume declining → Indicates waning bullish momentum

🎯 Trade Idea: Bearish Reversal Setup

💼 Short Entry Zone: $435–$440 (on confirmation)

🎯 TP1: $405

🎯 TP2: $388

🛑 Stop-Loss: Above $450

➡️ Risk-to-Reward: Attractive setup if rejection occurs at resistance

⚠️ Risk Management Tips:

✅ Use tight SLs to manage risk

✅ Watch for volume spikes on rejection

✅ Stay updated with macro sentiment + BTC trends

📌 Disclaimer: This is not financial advice. Always DYOR and manage your risk accordingly.

🧠 Stay smart. Stay informed.

🚀 More updates coming soon. Follow for next trade setups!

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