🚨 $TAO /USDT – Monster Wick Rejection from $500! Bearish Pressure Rising! ⚠️

Current Price: $421.3

24H Change: +5.27%

24H High/Low: $500 / $396.6

1H Outlook: Rejected hard from the $500 psychological level with bearish follow-up candles forming

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📉 Short Setup Opportunity:

After the sharp wick to $500, price failed to hold above $440 and has been sliding lower—indicating exhaustion in the pump. Currently hovering near breakdown zone.

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🔻 Short Trade Plan:

🔸 Entry: $423–$430

🎯 TP1: $405

🎯 TP2: $390

🛑 Stop Loss: $442

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📊 Market Insight:

That spike to $500 was quickly erased—classic bull trap signal. Momentum cooling off and the lower highs suggest potential for correction. Watch $420 zone closely for breakdown confirmation.

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💡 Pro Tip:

If volume increases on a 1H close below $418, expect sharper drop. Maintain tight SL if price retests the $440–$445 range.

📉 Be ready to ride the fade—quick profits possible with risk-managed entry!

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