$TAO /USDT – Short Trade Entry Opportunity
TAO is showing signs of exhaustion after multiple failed attempts to reclaim the 432–434 resistance zone. With lower highs forming and bearish candles gaining momentum near 429, the price action favors a short setup targeting recent demand levels.
Entry: 429.1
Target 1: 426.8
Target 2: 424.5
Target 3: 421.0
Stop Loss: 432.4
This setup is supported by declining momentum and rejection wicks around intraday resistance.
Risk Management: Use only 3–5% of your capital. Once Target 1 is hit, shift your stop-loss to the entry point.
Pro Tip: Watch for a breakdown candle below 428.5 with a strong body to confirm bearish continuation. Avoid chasing if price consolidates above 430.
