Price keeps pushing higher on $TAO , but I'm watching whether momentum can survive its next encounter with heavy supply.
$TAO /USDT – SHORT
Trade Plan
Entry: $270.00 – $277.00
SL: $286.50
TP1: $248.00
TP2: $230.00
TP3: $211.00
Why This Setup?
4H Structure: TAO remains in a recovery phase, but price is approaching a significant resistance zone where previous sell pressure emerged. This creates an attractive area for a potential short-term rejection.
Price Positioning: The $277 region is the key battleground. A failure to break and hold above this level could trigger a rotation back toward lower liquidity levels.
Daily Context: The broader outlook remains bullish, which means this setup is a counter-trend short targeting a corrective move rather than a trend reversal.
Volume Behavior: If volume starts fading as price approaches resistance, it may indicate buyer exhaustion and increase the probability of a pullback.
As long as $277.21 remains intact, sellers may attempt to drive price back toward support and fill inefficiencies left during the recent advance.
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