I’ve been watching $TAO closely, and honestly… I’m not convinced by this breakout.
Price pushed higher, but the move didn’t have the strength I usually look for. Instead of strong continuation, it started to stall quickly, and the first real test brought sellers back in. To me, that doesn’t look like a trend change — it looks more like a corrective bounce inside a bigger down move.
What really stands out is how price is struggling to hold above this zone. Buyers tried, but there’s no real acceptance yet, and momentum is starting to roll over again. That keeps the downside scenario very much alive.
$TAO — SHORT SETUP 🔻
Entry: $335 – $345
SL: No fixed SL (managing risk manually)
Targets:
TP1: 300
TP2: 275
TP3: 250
Right now, this feels less like a breakout and more like a possible trap for late buyers. If the structure keeps rejecting this area, continuation lower makes more sense.
For me, it’s not about predicting — it’s about reacting to what price is actually showing.
Trade $TAO here 👇🏻
