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🚨TAO 454 Short Sell Order, Target 301!
Rebound to key resistance zone + MACD death cross confirmation + trading volume continues to shrink
📉 Why choose 454 for short selling?
· Current price is 342, above 454 is the previous high area + psychological round number, and also the upper boundary of the daily upward channel.
· MACD has a death cross (DIF 20.99 < DEA 22.30, MACD histogram -1.31), indicating a clear short-term correction signal; the rebound is likely a trap.
· Trading volume continues to shrink: VOL (706k) is below MA5 (799k) and MA10 (1M), making a rebound without volume difficult to break through the previous high, likely to rise and then fall back.
🎯 Strategy Details
Item Parameter
Entry Point 454 Limit Sell Order (limit short)
Stop Loss 480 (above previous high + round number, giving $26 tolerance)
Take Profit 301 (below MA30, near previous low)
Position Size Total position ≤ 3%, single trade risk ≤ 1.5%
📌 Why look at 301?
301 is above MA30 (289.79), but near the 0.618 retracement level of this round of rally, and also at the lower boundary of the previous dense trading zone. Once the bears gain momentum, it can directly test this area.
⚠️ Risk Management Reminder
· If the price stabilizes above 470, the short position is invalidated; exit with stop loss, do not hold the position.
· If TAO volume breaks above 460 with increased trading volume, abandon the short plan.
· Holding period is estimated at 5-15 trading days; patiently wait for the rebound to establish.
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📌 The above is only a personal trading plan and does not constitute investment advice. The market carries risks; decision-making should be cautious.
👍 For those bearish on TAO, please like + follow, let's verify together!
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