$TAO Is Flashing A Short Signal Right Now 📉
We called the $TAO breakout zone at $320-325 weeks ago. Price ran beautifully. But right now the chart is telling a completely different story on the lower timeframes and I want to be transparent about it.
Here is what I see 👇
On the 4H — price dropped from $374 all the way to $278 and has been struggling to recover. EMA7 at $304 and EMA25 at $306 are both above price now — bearish alignment confirmed. Volume has collapsed from 1M at the peak to just 28K — nobody is buying this bounce. RSI at 36 approaching oversold but not there yet.
On the 15m — all three EMAs stacked bearishly above price. Lower highs forming consistently. Sellers in complete control on short timeframes.
Short Setup 👇
📍 Entry: $301.22 — $302.51
🎯 TP1: $297.20
🎯 TP2: $294.09
🎯 TP3: $289.42
🛑 Stop Loss: $308.09
Key level to watch is $300 psychological support. If that breaks cleanly the move to $289 becomes very fast.
This is a short term scalp. The bigger picture on TAO is still being monitored separately.
Are you watching TAO right now? 👇