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$TAIKO is a short setup flash with a 47.6% reflection rate 🔥
Entry: 0.0776 🔥
Target: 0.0762 🚀
Stop-loss: 0.0790 ⚠️
The numbers are stacking up against the bulls here. RSI is at 44.3 with room to drop, and the 47.6% reflection rate on short-term moves tells me this upward move is likely to fail. EMA9 and EMA20 are practically converging at the entry level—this tight alignment often precedes a breakdown.
I see the trend on the higher timeframe moving downward, and this short trade provides a clear risk/reward if the first target is hit. Are you already leaning toward buying, or waiting for a better entry?
Not financial advice. Always manage your risks.
#TAIKO #ShortSetup #Reversal #Crypto #Trading