🚨 $TAO Clear Downtrend

The confluence of price below all key MAs, bearish MACD, price at the lower Bollinger Band with sustained capital flight, and high-volume sell-offs creates a strong bearish case. Oversold RSI/KDJ readings are secondary within the context of this momentum.

Entry short $TAO : wait for pullback towards resistance zone 306.0-304.0 to offer a better risk-reward entry.

• Agressive entry can be considered close below support at 297.0 confirming the breakdown.

Stop-Loss: :

• For entry near 306, stop at ~315

• For entry breakdown below 297.0, stop at ~306

Target Price $TAO : Primary target at 293 USDT A more extended target would be next psychological level around 285.0 USDT

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TAO
TAOUSDT
244.18
+1.48%

#tao #taousdt #bittensor