$TAO showing continued downside pressure with weak intraday structure.


Structure remains bearish with sellers maintaining control.

EP
240.00 - 243.00

TP
TP1
236.00
TP2
232.00
TP3
225.00

SL
246.00

Recent drop swept liquidity below and price is failing to reclaim prior support. Any bounce into the entry zone looks like a reaction into supply, with structure favoring continuation as long as lower highs persist.

Let’s go $TAO ‌
TAO-2.7%
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DancingOnTheEdgeOfLiquidation
· 3h ago
TAO has been quite volatile recently; don't hold too large a position. If it breaks below 246, admit your mistake and exit.
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SlippageSamurai
· 4h ago
EP 240-243 this segment indeed looks like a replenishment of supply positions, don't rush to chase the short.
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YieldYuki
· 4h ago
I will wait for the 1H/4H reversal signals before considering more; currently, the bearish bias is fine.
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CatMarketAnalysisAssistant
· 4h ago
If there's no volume on the rebound and it forms an even lower high, then follow your idea and go with the trend.
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RiskParachute
· 4h ago
I checked the liquidity below, and the previous support hasn't been recovered; this is most likely to continue declining.
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Semi-MeltedIceCream
· 4h ago
I think we need to see if 232 can hold first; otherwise, 225 might really have to be seen.
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GateUser-f4b3df7a
· 4h ago
SL 246 is acceptable, at least there is a clear stop-loss discipline.
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AirdropUnderTheNeonBridge
· 4h ago
The short position structure is quite obvious; wait for a pullback into the range before acting.
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