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$TAO $TAOUSDT (1h) - Bearish Rejection Setup
Bias: Short
Entry (Zone): 216.00 - 219.00
Targets:
TP1: 210.50
TP2: 206.50
TP3: 202.00
Stop Loss: 223.50
Why this Setup:
I still see weakness after the failed bounce, and price keeps getting rejected on attempts to reclaim higher levels. I want to short into this overhead supply, looking for continuation back toward the recent lows if momentum stays capped.