$TAO /USDT – Short Trade Entry Opportunity
TAO is showing strong rejection from the resistance zone near $360.50, with consecutive bearish 15m candles confirming downward pressure. A breakdown from $357 confirms the continuation of the bearish trend.
Entry Price: $356.13
Target 1: $354.00
Target 2: $352.00
Target 3: $351.46
Stop Loss: $359.52
Risk Management
This setup is ideal for momentum traders looking to ride the trend continuation. Risk-to-reward ratio is solid, but avoid late entries as price can retrace sharply. Stick to the stop-loss and do not overtrade.
Pro Tip for followers: Watch for volume confirmation below $355. A fast drop to $351 is likely if the support breaks with momentum.
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