đ $TAO
TAOUSDT
Löpande
203.42
+2.35%
Bearish Setup â Relief Bounce into Resistance
đ Trading Plan: SHORT $TAO
Entry: 188 â 192
đ Stop Loss: 205
đŻ Targets:
TP1: 170
TP2: 155
TP3: 142
đ Market Insight
$TAO experienced a relief bounce into resistance, but the broader trend remains heavy. The push higher stalled quickly, and sell pressure appeared on the first test, indicating this move is corrective rather than a trend reversal.
Momentum is rolling over again, and buyers are failing to gain acceptance above this zone, keeping downside continuation in play.
â ïž Watch for rejection signals near the entry zone for confirmation.