$TAO Major Sell-Off in Progress! 📉🔥
Tao is facing intense selling pressure after rejecting a critical resistance zone and respecting its descending trendline. The breakdown is underway, and bears are in full control! 🚨
📊 Trade Setup:
📌 Entry: Short on a retest of $270 - $273 resistance.
🎯 TP1: $245 ✅ (First Major Support)
🎯 TP2: $215 📉 (Extended Bearish Target)
📍 Stop-Loss: Above $290 (Invalidation Level)
🔥 Why This Setup?
✅ Lower Highs Pattern – Strong downtrend confirmation! 📉
✅ Trendline Rejection – The price is struggling to break resistance! ⚠️
✅ Bearish Momentum – Sellers are in command, and further downside is likely! 👀
🚀 Trade Management Tips:
🔸 Wait for a clean retest of resistance before entering!
🔸 Move stop-loss to breakeven once TP1 is achieved to secure profits!
🔸 Trail your stop-loss to maximize gains if momentum continues!
📉 Bearish Bias Strong – More Downside Incoming?
$TAO is losing steam, and if support levels fail, we could see deeper corrections ahead! Stay sharp, trade smart, and watch the price action closely! 👀💰
⚡ Will you take advantage of this short setup or sit on the sidelines? Let’s hear your thoughts! ⬇️
