$TAO Pushing into the resistance zone, short with discipline 🔻
Short TAO trading plan (20x)
Entry point: 277.2 – 278.8
SL: 282.7
TP1: 275.2
TP2: 273.0
TP3: 269.7
TAO is pushing up to the 277.2 – 278.8 zone after a pullback from below. But don't get your hopes up too high; this zone is showing clear resistance. The current movement looks sluggish, volume isn't explosive, and the overall structure still favors sellers.
The stop loss is placed at 282.7, a fairly clean level, above the resistance zone. If it gets swept, no regrets. If the price is rejected here, targets 275.2 → 273.0 → 269.7 are entirely feasible.
The distance from entry to stop loss is quite close (~1.4-2%). Suitable for a short-term short trade. Enter a small order and set the stop loss correctly.
Do you think this area is stable? Or is there still room for further upward movement? Comment to discuss!