$TAO /USDT – BEARISH SIGNAL🔴
CONSISTENT LOWER HIGHS • WEAK BOUNCE FROM SUPPORT
$TAO continues its downtrend after failing to hold the $388 level and breaking down to a fresh low at $355.4. Although a minor bounce followed, price is now stalling below $370 with no strong bullish follow-through. The overall structure remains bearish with a clear sequence of lower highs and increased selling volume. If $355 breaks again, further downside toward $340 is likely. The relief bounce appears weak and unsustainable without strong buyer volume.
Trade Setup:
• Entry Point: $368 – $372
• Stop Loss: $385
• Take Profit 1: $355
• Take Profit 2: $340
Watch for breakdown continuation if support fails. Bearish trend remains intact.
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