Here’s a structured post based on your provided data:
$TAO /USDT BEARISH PRESSURE BUILDING – WATCH KEY SUPPORTS
The $TAO/USDT pair is currently trading at 215.2 USDT, down -5.70%. The price recently tested a 24h high of 229.8 and a 24h low of 212.4, suggesting strong selling pressure in the short term.
Key Levels to Watch:
Support: 212.4 (recent 24h low), followed by 194 and 180 (psychological and previous levels).
Resistance: 229.8 (recent high), followed by 235.2 and 264.7.
Trade Setup:
Entry: Short at 215–217 (near current price).
Take Profit (TP): 212.4 and 194.
Stop Loss (SL): 229.8 (above recent high).
Strategy Note:
Bearish momentum is dominant; a break below 212.4 could trigger further downside. Monitor for any reversal signals near support levels to adjust your strategy accordingly.
Encouragement:
Even in falling markets, careful planning and disciplined risk management can turn challenges into opportunities. Stay focused, learn from each trade, and keep moving forward.
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