$TAO /USDT short trade signal 🚦 🛑
BEARISH REVERSAL SIGNAL, NEXT MOVE DOWN!!!
The $TAO/USDT pair is showing signs of bearish momentum, with the price currently consolidating around $205.69. The market is facing strong resistance around the $205.50 level, and recent price action points to a potential downtrend, especially as the price fails to hold above key levels. This indicates the likelihood of further downside to test lower support zones.
Trade Setup:
Entry Price: 205.50
Take Profit (TP): 200.00
Stop Loss (SL): 210.00
Outlook: Bearish pressure remains dominant, with support seen around the $200.00 level. Risk management is crucial as the price may test lower levels in the short term.
#TAOUSDT #BearishPattern #cryptoanalysis #sellsetup #tradealert
buy and trade here on $TAO