$TAO USDT Breakdown Signals Further Downside – Bearish Momentum Targets Lower Support Levels 📉
Trade Setup: Short
Entry Zone: 260 - 265
TP1: 246.8
TP2: 238.8
TP3: 220.0
SL: 273.7
Price has formed a lower high on the 4H chart and is printing consecutive bearish candles after rejection from the 287 resistance zone. The descending structure suggests sellers remain in control, with momentum favoring a continuation toward the next key support levels.
A breakdown below the current consolidation area could accelerate selling pressure, while the stop loss remains above the nearest resistance to protect against a trend reversal.
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