$TAO /USDT – Spot Short Trade Setup
TAO has shown rejection near 369+ zone with a potential double-top formation. The last two 30m candles reflect weakening bullish momentum and a possible shift into a downtrend. This setup offers a high-probability short entry near key resistance.
Entry Price: 366.00
Target 1: 360.00
Target 2: 356.00
Target 3: 353.50
Stop Loss: 369.56
Risk Management Tip:
Enter only with proper position sizing. Use a stop-loss strictly above the rejection wick. If the price drops quickly to the first target, trail the stop-loss to breakeven or secure partial gains.
Pro Tip for Followers:
Focus on candle behavior near resistance zones. Sharp rejections followed by lower closes often signal trend reversals. Be timely and precise — good entries make strong trades!
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