$TAO /USDT Bears Eye Another Leg Lower 📉



$TAO is beginning to show signs of weakness after failing to maintain bullish momentum near resistance. Sellers are gradually taking control, and the current price structure favors a cautious bearish outlook as long as resistance remains intact.

Trade Idea: SHORT 🔴

📍 Entry: $417.00 – $420.00
🛑 Stop Loss: $429.00

🎯 Targets:
• TP1: $411.00
• TP2: $403.00
• TP3: $394.00

The recent lower highs combined with fading buying pressure suggest that a downside continuation is possible. If volume increases on red candles while price stays below resistance, the bearish scenario becomes more convincing.

As always, wait for confirmation before entering a trade and manage your position with proper risk control. If TAO breaks and holds above the resistance zone, the bearish setup is invalidated and it's better to stay patient for the next opportunity.$TAO ‌
TAO3.05%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned