1️⃣ $TAO : TESTING CRITICAL SUPPORT! 📉
SHORT $TAO 👇
Entry: $300.15 – $305.50
TP: $296.00 — $288.50 — $275.00+ ✅
Stop Loss: $312.50
Analysis:
Price action shows TAO struggling after breaking below the MA(7) and MA(25). It is currently testing the MA(99) dynamic support. RSI (6) at 26 indicates heavy bearish pressure. Despite the L/S Ratio showing Longs at 56.22%, the rejection at higher levels suggests a breakdown of the $296 zone is likely.
2️⃣ $PENDLE : BREAKDOWN UNDERWAY! 📉
SHORT PENDLE 👇
Entry: $1.8530 – $1.8860
TP: $1.8200 — $1.7850 — $1.7200+ ✅
Stop Loss: $1.9250
Analysis:
PENDLE is showing extreme weakness as it slips below the MA(7), MA(25), and notably the MA(99) support. RSI (6) is at 39, confirming that bearish momentum is accelerating. The L/S Ratio shows Shorts at 54.07%, indicating that the market is positioning for further downside. A clean break below the $1.82 local low will trigger a sharper sell-off.