Trading Plan Short $TAO

$TAO dropped below the 1H EMA21 and is now testing the lower Bollinger Band.

Entry: $259.59-$264.59

Stoploss: $273.50

Targets: $253.00 / $239.00 / $215.00

TAO pushed through 268.11 resistance yesterday but couldn't hold, now consolidating below it. The 1H EMA50 resistance sits right above current price, and BB width expanding implies volatility is coming. OI dropped 11.44% in 24h, sellers are aggressive with taker sell volume ratio at 0.91, suggesting some longs are getting flushed. Reclaim 268.11, short voided.

Trade $TAO here 👇

TAO
TAOUSDT
266.85
-4.65%