Rejection from psychological resistance after vertical run

$TAO Short

Trade Plan

Entry $190 to $198

Stop Loss $210

TP1 $178

TP2 $165

TP3 $150

Why this setup

Price tapped above $200 and immediately faced strong selling pressure with consecutive lower highs on the 1H. Momentum is cooling after a parabolic move from the $160 base. Failure to reclaim $200 keeps short term structure bearish and opens room for a pullback into the $175 to $165 demand zone.

Debate

Is this just profit taking before another push above $210 or the start of a deeper correction toward $160

Buy and Trade $TAO 💸 💸

TAO

176.9

-4.37%