Shorting $TAO 75x – Bearish setup is active from this zone.
With TAO fading from the 315.71398–317.65953 zone, I've initiated a Short 75x Isolated position.
Trade Plan:
- Entry: 315.71398 – 317.65953
- TP1: 310.85013 (R:R 1:1.0)
- TP2: 308.90459 (R:R 1:1.3)
- TP3: 305.01351 (R:R 1:2.0)
- SL: 322.52338
Why this setup?
- The 4h short setup remains valid, as the daily context stays range-bound following a reaction from the 315.71398–317.65953 area near 316.68676.
- The 15m RSI reading of 36 indicates room for sellers to drive price lower.
- 15m volume is elevated at 3.98x, with 3.38K traded versus an expected 849.36000, confirming genuine selling pressure.
Risk is capped at 2% max. This setup looks clean and well-defined.
Trade here 👇 and What's your take on this setup? Share your view and I'll help analyze it.