TAO hype exhausting — short the peak!
🔴 $TAO - SHORT
Trade Plan:
Entry: 325 – 332 (zone)
SL: 345
TP1: 315
TP2: 305
TP3: 290
4H price action shows a clear rejection at resistance with expanding red volume, RSI(14) deep in overbought, and MACD rolling over. Funding rates are positive (longs paying) while open interest is starting to roll — textbook distribution before the next leg down.
Are you fading the TAO pump or still holding for more upside?
Click below for trade 👇
$TAO

TAO
TAOUSDT
336.78
+1.55%