TAO is currently exhibiting clear signs of exhaustion, with the 4H and 1H timeframes locked in a consistent bearish trend. We are seeing a compression on the 15M chart, where price is struggling to reclaim the EMA20, signaling that sellers remain in control of the tape. While the momentum is undeniably tilted to the downside, the current reward-to-risk ratio is suboptimal for an aggressive entry. I am keeping this on the watchlist to see if a cleaner rejection pattern develops, as chasing the current pullback lacks the structural conviction I prefer.

📌 TAO | WATCHLIST SETUP 👀

Trade Plan:

🎯 Entry: 238.522 - 239.807

🛑 SL: 245.500

✅ TP1: 235.991

✅ TP2: 233.583

✅ TP3: 230.532

Trade at your own risk; markets involve significant volatility.

⚠️ Personal view only. Manage risk and position size before entry.