$TAO – Rejection at resistance, downside pressure building
Trading Plan Short $TAO
Entry: 245 – 255
SL: 275
TP: 225
TP: 200
TP: 175
Price pushed into this zone after a strong move but is starting to stall near resistance. Structure looks extended and momentum is fading.
Buying pressure is weakening while sellers begin to step in. When price fails to continue after an impulsive move, it often leads to a pullback as late longs get trapped.
Trade $TAO here 👇
TAOUSDT
Perp
318.71
+0.05%