$TAO /USDT BEARISH PRESSURE – DOWNSIDE CONTINUES
$TAO /USDT is trading at 175.2, near its 24h low (173.5) after a -5.76% decline. Price is below MA7 (176.7), MA25 (177.5), and MA99 (179.8), confirming short- and mid-term bearish alignment. MACD shows negative momentum (DIF below DEA), indicating sellers are in control. Resistance at 176.7–179.8 remains strong, keeping the path open for further downside.
🔎 Trade Setup
Entry Zone: 175.2 – 176.7 (Rejection near MA resistance)
Take Profit 1: 173.5
Take Profit 2: 172.0
Take Profit 3: 170.5
Stop Loss: 180.0
Optimal entry comes from a weak bounce toward moving average resistance for improved risk-to-reward.
📊 Short Market Outlook
Trend shows lower highs with immediate support at 173.5. A decisive break below opens liquidity toward 172.0 and deeper near 170.5. Resistance cluster between 176.7–179.8 remains strong. As long as price trades below MA99 (179.8), bearish bias stays intact.
Momentum favors continuation until bulls reclaim above 179.8.$
$TAO #TAO #USDT #CryptoAnalysis #BearishMomentum
#TradingSetup