$TAO /USDT: Successful downward movement!
The price has breached the main resistance area 🚩
Strong selling pressure has been confirmed 🔻
The target has been smoothly achieved as expected ✅
After testing the resistance area between $393.5 and $387.7, the price faced significant rejection and entered a sharp decline as anticipated in the previous signal.
Trading setup (completed):
🔴 Short entry area: $387 - $393
🎯 Take profit: $365 / $355
🛑 Stop loss: $398
Market outlook:
Currently, the price is consolidating around the $365-$368 range after a strong downward movement. If the price remains below the resistance level of $374.4, it is likely to see further decline towards $355. Stay tuned for the latest setups.
Reminder of the strategy:
Patience and strict risk management always reward smart traders. New signals will be posted soon - stay tuned!
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