📉TAO Short Trade Setup: Bearish Continuation
!!!IN CRYPTO MONEY IS MADE BY ACTING QUICKLY AND ACCURATELY!!!!
Narrative Bias:
🚨 Bearish (Governance FUD + Covenant AI Subnet Exit).
Entry Zones:
Conservative:
🛑Sell on a failed retest of $284–$292 (Previous support now turned
resistance) .
📉Aggressive:
Market Sell if hourly candles close below the 100-day EMA ($258) .
Take-Profit (TP) Targets:
🎯TP1:
$250–$252 (Psychological support & local lows) 🎯.
🔥TP2:
$200 (Major structural support & liquidity pool) 🔥.
Stop-Loss (SL):
🛡️Placement:
$306.00 (Above the recent breakdown zone) 🛡️.
❌Invalidation:
A daily close above $315 (Bears lose control) .
📊 Technical Indicators Summary :
📉Moving Averages:
Trading below 50-day & 200-day MAs = Loss of momentum 📉.
RSI/MACD:
⚡Bearish crossover confirmed on MACD; RSI trending toward oversold
territory .
🚨Key Support:
$258 (100-day EMA) is the "make or break" level .
⚠️Risk Management
⚖️Leverage:
Keep it low (3x–5x) to avoid "relief rally" liquidations .
💸Funding Rates:
Watch out for expensive costs if the trade stays open >24h .