Short $TAO
Entry: 188 – 195
SL: 212
TP1: 182
TP2: 168
TP3: 153
TAO printed a strong impulsive rally from the 150 region straight into 208.90, tapping a major liquidity pocket and immediately rejecting from that high.
The move looks overextended on the 1H timeframe. After the spike, price is now consolidating below the high — showing exhaustion rather than continuation.
Structure breakdown:
• Clear liquidity sweep above 200
• Sharp rejection from 208.90 high
• Lower timeframe momentum cooling off
• 182 acts as first support — loss of this level opens acceleration toward 168
Unless price reclaims and sustains above 212, this looks like a blow-off expansion into resistance rather than a clean breakout.
Risk management is key — wait for weakness confirmation and let structure guide the trade.
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Trade $TAO here 👇
