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$TAO (1h) - Bearish Rejection Setup
Bias: Short
Entry (Zone): 232.0 - 236.0
Targets:
TP1: 228.0
TP2: 224.5
TP3: 220.0
Stop Loss: 241.5
Why this Setup:
I’m seeing price push back into a well-defined resistance band after a sharp downtrend, and I want to fade that move if momentum stalls here. I’m looking for a rejection from this area to rotate price back toward the recent liquidity below, where sellers have already shown control.