$TAO /USDT – SHORT TRADE SIGNAL🔴
🔻 Rejected from major resistance at $411
🔻 Breakdown from $398.4 supply zone confirmed
$TAO has failed to reclaim the key $398–411 resistance block, forming a lower high followed by a strong bearish engulfing candle. Price is now hovering near $388, with further downside likely if it loses $384 support. A clean breakdown below this level opens the door for a deeper move.
Trade Setup:
• Entry Point: $388–384
• Stop Loss: $398.4
• Take Profit:
• TP1: $376
• TP2: $370
• TP3: $367
• Margin: 2–3% of wallet
• Leverage: 10x
📉 Market Outlook: Bearish momentum building under lower highs and failed resistance reclaim. Breakdown continuation expected if $384 fails.
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