🔴 $TAO DOUBLE TOP CONFIRMED. HERE'S WHAT'S NEXT.
Look at the chart carefully.
Two peaks. Same level. Both rejected. That's not a coincidence that's a Double Top, and it's one of the most powerful bearish reversal patterns in all of technical analysis.
What is a Double Top?
When price reaches a high, pulls back, rallies again to the SAME level and fails AGAIN. It tells you one thing: sellers are waiting at that zone and bulls have no power to break through.
📍 Peak 1 → ~$328
📍 Peak 2 → ~$325 (lower bearish)
📍 Neckline → ~$290 (the trigger)
What happens next?
🔴 70% probability → Break below $290 activates the full measured move. Targets: $270 → $250
🟡 20% probability → Dead cat bounce to $320–325 before final drop (trap zone be careful)
🟢 10% probability → Full reversal above $335 invalidates everything
The ascending trendline at the bottom (~$260) is the last macro support. Even if TAO bounces, the structure is broken.
⚡ Short Setup:
Entry: $318–$325 retest
SL: $338
TP1: $290 | TP2: $270
Trade the structure. Not the hope.
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