📉 $TAO
USDT BEARISH REVERSAL – SELLERS TAKING CONTROL
TAO is currently showing weakness after failing to hold above the minor resistance near $326-$328. The price is now trading around $322, and the chart suggests a potential downward continuation as it breaks below its local support zone.
🔑 Key Levels:
Resistance: $326 – $328
Support: $319 – $320 (immediate), $308 (major target)
Current Price: $322.11
🎯 Trade Setup (Short Entry):
Entry Zone: $322 – $324
Take Profit (TP): $316 and $308
Stop Loss (SL): $326
📊 Market Outlook:
Momentum is shifting bearish as the recent rejection from resistance aligns with lower highs formation on this timeframe. Sellers are gaining strength below $325, and a clear break under $320 could accelerate the downside move towards $308 support.
⚠️ Risk Management:
Use strict position sizing and SL placement to control risk exposure. Avoid revenge trades if stopped out.
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buy and trade here on $TAO