$TRX $TAO /USDT – Bearish Signal: Short Trade Idea**
**Price Action:**
TAO has been rejected several times from the $306–$308 resistance zone, showing strong selling pressure. It’s now trading around $300.1 and forming a bearish pattern, suggesting more downside is likely.
**Trade Setup:**
- **Entry:** $300 – $301
- **Take Profit (TP):** $284
- **Stop Loss (SL):** $306.5
**Market Outlook:**
The price is making lower highs and struggling to break resistance. If it drops below $297, we could see a fast move down to $284. Sellers are currently in control.
**Risk Tips:**
Use smart position sizing, don’t over-leverage, and aim for a risk-reward ratio of at least 1:2. Once in profit, consider moving your stop loss to secure gains.
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$TAO $TRX
297.2
+8.58%
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