$TAO /USDT short trade signal ๐ ๐ฆ
BEARISH BREAKDOWN SETUP โ SELL PRESSURE BUILDING BELOW RESISTANCE!
Price attempted to push higher but faced strong rejection near the $350 zone, forming a clear lower high. With the recent breakdown below key horizontal support and a retest failure, $TAO/USDT is now showing signs of downward momentum kicking in.
Trade Setup:
Entry (Short): 346.90 โ 347.30
Take-Profit (TP): 341.65
Stop-Loss (SL): 350.10
Market Outlook:
Bears are regaining control after repeated rejection from the supply zone above $350. A confirmed lower high and breakdown retest opens the door to a potential drop toward the $341 support level. Momentum is likely to stay bearish unless price reclaims the upper resistance with strength.
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