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
{spot}(TAOUSDT)