$TAO
/USDT PERP – Bearish Setup 📉
Bittensor $TAO is currently trading in a key decision zone after a strong rally. Momentum is starting to cool, and price is struggling to reclaim short-term moving averages. If sellers maintain pressure, a deeper pullback could follow.
🔥 Short $TAO
Entry: $234 – $238
Stop Loss: $252
Targets:
🎯 $222
🎯 $208
🎯 $196
📊 Technical Insight:
• MACD histogram has flipped negative, signaling weakening bullish momentum.
• Price remains below SMA30 and EMA7 near the $236 zone, showing resistance overhead.
• RSI drifting below 50 indicates buyers are losing control after last week’s rally.
If $TAO fails to reclaim the $238 level, price could rotate toward lower liquidity areas around $220 and potentially the $200 psychological support.
⚠️ Trade with proper risk management.
✍️ Analysis by Nabiha Noor
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