$TAO /USDT – Short Trade Setup
TAO/USDT is showing weakness on the 15-minute chart, struggling to hold above resistance after repeated rejections near the $341.5 zone. The current structure suggests sellers are gaining control, with price leaning towards a bearish continuation toward key support levels. A breakdown below minor consolidation may trigger further downside momentum.
Entry: 339.1
Targets:
Target 1: 337.0
Target 2: 335.0
Target 3: 333.8
Stop-Loss: 341.5
Risk Management: Allocate 3–5% of your capital to this setup. Shift your stop-loss to entry once the first target is achieved to secure profits and reduce risk.
Pro Tip: Monitor trading volume closely. A surge in sell-side pressure near $337 would validate bearish strength and increase the probability of hitting lower targets.