$TAO USDT – REJECTION AT $432, BEARS PUSHING BACK STRONG
LOWER HIGH CONFIRMED
WICK REJECTION WITH FADE IN MOMENTUM
$TAO USDT failed to hold above $430 after spiking to $432.2. The sharp upper wick and current red candle reflect selling pressure at the top. Volume has also faded after the bullish move, suggesting momentum is cooling down and a pullback is likely.
Trade Setup
Short Entry: 420.8
Target: 406.0
Stop Loss: 431.5
If price breaks below $409 support, further downside could follow. Bulls must reclaim $432 to regain control.
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