$TAO Those who bought at the peak are now waiting for a miracle that will not come, and the next drop will wipe out the last hope for those clinging to a return to the breakeven point.
- The strong price rejection and the formation of a Weak High confirm that the whales are selling every rise.
- Breaking the bullish structure (BOS) and the momentum turning red means that the trend has officially changed to bearish.
- The upper supply zone has become a graveyard for buyers and will not be easily surpassed.
- Selling volume increases with every bearish candle, indicating the escape of smart money.$TAO
{future}(TAOUSDT)
Trade Setup (Short):
Entry Range: 191.00 - 192.50
Targets: 185.00 - 180.00 - 175.00
Stop Loss: 198.00
Risk Management: Do not enter with all your capital, the market does not forgive fools.
Technical Analysis:
After a strong upward wave, the price failed to maintain momentum and formed a peak weaker than the previous one. The Squeeze Momentum indicator shows the beginning of a clear negative shift (red bars), and breaking nearby demand areas will lead to a rapid collapse towards the strong low at 175.
Will you exit with a small loss now or will you wait until your portfolio is completely liquidated?