$TAO USDT – SHORT TRADE SIGNAL🔴
REJECTION FROM LOCAL RESISTANCE 🔻
POTENTIAL DOWNSIDE RETEST TO DEMAND ZONE 🔽
TAO has faced a sharp rejection near the $434.5 level, forming a bearish engulfing pattern after multiple wicks to the upside. Price is currently slipping below minor support at $427.4, signaling weakness.
🔹 Key Levels:
• Resistance: $434.5
• Support Zone: $416.0 – $414.3
• Breakdown Trigger: Below $427.0
🔹 Current Price Action:
After a strong upward rally, TAO is now exhibiting signs of exhaustion. Lower highs on smaller timeframes hint at growing bearish pressure. A clean break below $427.0 confirms the momentum shift.
📉 TRADE SETUP
• Entry Point: $427.0 – $428.0
• Stop Loss: $434.5
• Take Profit:
• TP1: $423.0
• TP2: $416.0
• Margin: 2–3% of wallet
• Leverage: 10x
Market Outlook:
Momentum shifting bearish with clear signs of buyer fatigue. Breakdown likely to extend toward previous demand areas. Risk-controlled short position favored below $427. $TAO