Trader Rai
--
Bearish
$TAO – Bearish Rejection in Play! 🚨📉
$TAO is currently trading at $347.6 (-1.75%), showing a sharp rejection after failing to sustain above the $349.8 resistance zone!
The price action suggests increased selling pressure, with candles printing consecutive lower highs and a fresh break below short-term support.
🔎 Market Insight:
After a strong bullish push, $TAO faced rejection at the $350+ area, forming a potential double-top pattern. With buyers losing grip and sellers stepping in aggressively, downside continuation is now the primary scenario.
#TAOUSDT #BinanceTrading #ShortTradeSetup #CryptoAnalysis #TAO
$TAO is currently trading at $347.6 (-1.75%), showing a sharp rejection after failing to sustain above the $349.8 resistance zone!
The price action suggests increased selling pressure, with candles printing consecutive lower highs and a fresh break below short-term support.
🔎 Market Insight:
After a strong bullish push, $TAO faced rejection at the $350+ area, forming a potential double-top pattern. With buyers losing grip and sellers stepping in aggressively, downside continuation is now the primary scenario.
#TAOUSDT #BinanceTrading #ShortTradeSetup #CryptoAnalysis #TAO
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.