While the crowd is shouting for a $TAO/USDT bounce, the 4-hour chart is quietly hinting at a bull trap.
Trade Execution: $TAO - SHORT 📉
Entry Range: 280.78 – 281.60 (Targeting around 281.19)
Stop Loss: 285.12
Take Profit 1: 278.24
Take Profit 2: 276.28
Take Profit 3: 273.33
Technical Breakdown:
Momentum Check: The 15-minute RSI is hovering at 48. This isn't a sign of buyer exhaustion; it simply reflects weak upward momentum, leaving plenty of room for lower prices.
Trend Dynamic: The daily timeframe remains locked in a sideways range, but the 4-hour chart shows a dominant bearish lean with a solid 77% confidence level.
Execution Strategy: Positioning an entry near 281.19 to catch the initial move down toward 278.24—historically, that first flush is always the sharpest.
#TAO #Bittensor #CryptoTechnicalAnalysis #TradingSignal #ShortSetup
TAO
276
-1.28%