$TAO /USDT ā Bearish Breakdown Setting Up? šØ
Current Price: $229.4 (+13.79%)
After a stellar run, $TAO is showing signs of weakness near $229 support. A break below could trigger a short cascade!
Key Resistance: $240 ā $242.6
Support Zone: $229 ā $225
Short Trade Setup:
⢠Entry Zone: $228 ā $230 (on confirmed 30M candle close below $229)
⢠Target 1: $220
⢠Target 2: $210
⢠Stop Loss: $242.6
Market Insight:
Price is struggling to hold the $229 base after a strong vertical pump. Sellers are stepping in with increasing momentum.
Pro Tip: Look for a retest rejection at $230 after breakdown to confirm the short entry.
If support snaps ā TAO could tumble. Sharpen your setup and be ready!
$TAO
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