$TAIKO – Short selling opportunity from a strong resistance zone 🔻


📍 Entry zone (Short): 0.07803 – 0.07847
🛑 Stop loss: 0.07998
🎯 Step-by-step targets:
· First target: 0.07695
· Second target: 0.07608
· Third target: 0.07478
The entry range is very tight, and the stop loss is clearly defined just above the top, giving you a risk/reward ratio above 1:3 at the last target. Entering from this zone is better than waiting until a breakdown occurs.
The immediate momentum shows a slowdown, and the price collides with strong resistance while forming higher lows that are at risk of being broken. Volume supports the likelihood of a drop.
🗣️ Will you enter the sell now, or do you prefer to wait for confirmation by breaking support?
⚠️ Reminder: this is a personal technical analysis, not financial advice. Risk management is the foundation of success.
#taiko #ShortSetup #Breakdown #Altcoin #CryptoAnalysis
TAIKO-2.33%
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DigitalSkillsCrypto
· 07-20 07:03
LFG 🔥
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DigitalSkillsCrypto
· 07-20 07:03
To The Moon 🌕
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