🚨 While many expect $TAO to continue its strong trend, the structure suggests a potential exhaustion phase with downside risk building.
📉 $TAO – SHORT 🔴
🎯 Trade Plan:
📊 Entry: 680 – 710
🛑 SL: 750
🎯 TP1: 620
🎯 TP2: 560
🎯 TP3: 500
⚡ Why this setup?
$TAO has made a strong impulsive move upward, but is now showing signs of slowing momentum near resistance. Price is forming rejection wicks and struggling to make higher highs, indicating buyers are losing strength.
Structure: Potential lower high forming → early bearish signal
Volume: Not expanding → weak continuation
Momentum: Cooling after strong rally
If rejection confirms in this zone, price is likely to rotate toward lower support levels as early buyers take profits.
🤔 Debate:
Is this just a healthy pullback before continuation, or the start of a deeper correction?
🌍 Click below for trade 👇🏻
TAOUSDT
Perp
313.19
-1.32%
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