$TAO is cascading like a waterfall on the 4-hour chart, dropping from 236 to 222 in one go. It bounced back to 227.4 but got pushed down again, now sitting at 223.5, stuck in limbo. The MA20 and MA50 are both applying pressure, with the 1h/4h/daily charts all in bearish territory. On one hand, we’ve got negative rates and a shrinking position

$TAO is cascading like a waterfall on the 4-hour chart, dropping from 236 to 222 in one go. It bounced back to 227.4 but got pushed down again, now sitting at 223.5, stuck in limbo. The MA20 and MA50 are both applying pressure, with the 1h/4h/daily charts all in bearish territory. On one hand, we’ve got negative rates and a shrinking position
TAOUSDT
Perp
223.82
-4.79%
, while on the other, the takers are still aggressively pulling it up—structure dictates the game, and that bounce is just a paper tiger. Going short around 223.5, aiming for targets at 222/220/217, with a stop-loss at 226. If you're worried about getting cut, don’t hesitate; opportunities don’t wait for anyone.#MyGateTradeStory