🚨 $TAO /USDT Deep Analysis: Bulls Trapped as Whales Dump! 🐻📉
Hello, traders! #TAO just hit a major barrier at $160 and got rejected. Big money (whales) are actively betting on further declines.
Key Statistics:
Long/Short ratio is very low - 41.25%. 📊 Nearly 400 whales are sitting on a massive profit of $5.7 million in their short positions, while bulls are stuck with losses of $1.7 million! 🩸
Sales volume exceeds buying volume, suggesting that this bounce may be coming to an end. We are monitoring smart money and looking for a short entry on the rejection. 🔻
📋 Trading Plan (Bearish Momentum):
🪙 Coin: $TAO (Perp)
📊 Direction: SHORT 🔴
➡️ Entry Zone: 153.00 - 156.50
🎯 Target 1: 150.00
🎯 Target 2: 146.00
🎯 Target 3: 141.50
🛑 Stop-Loss: 161.50
⚙️ Leverage: 10x - 20x (Manage risk strictly)
⚠️ Note: Resistance at $160 is strong. As long as we remain below it, bears are in control. Trade safely! 🐋💸
Let's go $TAO here 👇
