Everyone’s calling this a dip, but the 4H chart hints at more downside for TAO.

$TAO / USDT — SHORT

Trade Plan:

Entry: 182.170761 – 183.927395

SL: 189.372962

TP1: 176.725194

TP2: 172.509271

TP3: 166.185387

Why this setup?

The daily trend is clearly bearish. Price is sitting right in a key 4H entry zone (182.17–183.93), making this an ideal spot for a short. If price breaks below 180.59, the setup is invalidated. The first targets are TP1 at 176.73 and TP2 at 172.51.

The question:

Are we witnessing the start of the next leg down, or is this just a bear trap before a reversal?#AxiomMisconductInvestigation #NVDATopsEarnings #JaneStreet10AMDump

TAO
TAO
259.3
-5.26%