$TAO /USDT short trade signal 🚦🛑

– BEARISH RETEST AFTER CHANNEL BREAKDOWN!

Price was trading in a clear downward channel and has just broken out slightly above it. However, the breakout is happening right below a key resistance zone (~$405–$407), suggesting a possible fakeout or bearish retest.

The current candle is stalling below the resistance, and volume is not convincingly strong on the breakout. If price fails to hold above $403.50 and starts closing back inside the previous range, the downtrend continuation is more likely.

Trade Setup (SHORT):

Entry: $403.50 – $405.50

Target 1: $394.00

Target 2: $387.00

Stop Loss: $407.00

Why Short?

The breakout lacks momentum and volume confirmation, suggesting the bounce might be a trap. Bears are likely to defend the $406.92 supply zone. If price fails here, we expect renewed sell pressure toward the lower support at $394 and below.

Risk Management Tip:

Set your stop just above the resistance box. Avoid early entries — wait for confirmation via a rejection candle or breakdown below $402.

Don’t let this fake breakout fool you — trade with the trend, stay sharp, and catch the next move down!

#TAO #CryptoAnalysis #ShortTrade #BearishSetup #BinanceFutures

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