$TAO /USDT – SHORT Setup (Continuation Play)
Entry: $242 – $246
Stop Loss: $252
Take Profits:
TP1: $235
TP2: $228
TP3: $220
trade here $TAO
TAOUSDT
Διην.
249.07
-1.40%
Why this setup:
TAO is showing clear weakness across higher timeframes with -27% weekly drop and consistent lower highs. Price is struggling to reclaim the $250 zone, which is acting as strong resistance. Current structure favors continuation to the downside unless a strong reclaim happens.
Alternative (Bullish Reversal):
If price breaks and holds above $252, momentum may flip bullish toward $260+.
Strategy Tip:
Trend is bearish — safer to trade with momentum. Avoid early longs unless confirmation appears.