I was watching $TAO closely today… and something started to feel off 🔻
After the strong push up, price started slowing down and the momentum just didn’t feel the same anymore. You know that moment when a chart stops moving with confidence and starts showing exhaustion? That’s exactly what I’m seeing here.
Right now $TAO looks like it may have formed a local top, and if sellers step in, we could easily see a pullback toward the $332 demand zone where liquidity is sitting.
🎯 Trade Idea: Position: SHORT 🔴
Entry Zone: $360.50 – $350.00
Target: $320 - $300
SL: No fixed SL (managing risk manually)
🛡️ Why no hard stop loss?
From my experience, the market loves to play games. Many times I’ve seen price spike just enough to hit stop losses before moving exactly where expected. So instead of placing an obvious SL, I prefer watching the structure. If the idea breaks, I exit. Simple as that.
Sometimes trading is less about being perfect and more about being patient and adaptable.
Trade Here 👇🏻