$TAO looks heavy after the $365 rejection — shorting the bounce is cleaner than chasing hope.
Short $TAO
Entry: $342-$352
Stoploss: $368
Targets: $320-$300-$275
MACD is negative with expanding downside momentum, RSI ~46 shows no oversold support. Price is losing short-term MA ($341) and failing to reclaim structure. High volume on the drop signals distribution, not accumulation. If $314 cracks, downside accelerates toward prior base. Risk is tight, RR favors continuation.
TAOUSDT
Perp
316.86
-0.87%