$TAO
/USDT SHORT TRADE SIGNAL – SUPPLY ZONE REJECTION AND WEAK RETEST!
$TAO attempted to reclaim the $396–$404 resistance zone but faced sharp rejection. After the breakdown, price action is now retesting the lower range of previous support around $392–$393, showing signs of exhaustion with weak bullish candles on declining volume.
Trade Setup (SHORT):
Entry Price: $392.50 – $393.00
Target 1: $388.40
Target 2: $383.25
Stop Loss: $396.70
Why Short?
After a strong drop from the $404 resistance zone, $TAO failed to recover with conviction. The current bounce appears corrective, with buyers unable to push through previous demand. Volume is fading, signaling a likely continuation downward toward the next demand zone near $383.
Risk Management Tip:
Keep your SL firm above $396.70 — this level invalidates the short setup. Adjust position sizing based on SL distance for controlled exposure.
Sell smart — don’t chase green candles when the trend is turning red!