$TAO Rally Showing Signs of Exhaustion as Momentum Begins to Fade
Trading Plan: Short $TAO
Entry: 198 – 205
Stop-Loss: 218
Targets:
TP1: 185
TP2: 172
TP3: 158
The recent rally in $TAO is beginning to show signs of fatigue. While buyers were able to extend the upside earlier, the strength behind the move is starting to weaken and the price action is becoming less clean.
Momentum that once pushed the market higher with conviction is now slowing, and the structure is shifting into a more choppy, grinding advance rather than a strong continuation.
When price begins to climb like this without strong follow through, it often signals that buying pressure is gradually fading. At the same time, sellers appear to be slowly stepping back into the market, leaning against the rally and testing the strength of the remaining buyers.
If the upside continues to stall around the current resistance area, the probability of a pullback increases. A rejection from the entry zone could open the door for a move back toward the lower support levels, making this area attractive for a potential short setup.
$TAO
Trading Plan: Short $TAO
Entry: 198 – 205
Stop-Loss: 218
Targets:
TP1: 185
TP2: 172
TP3: 158
The recent rally in $TAO is beginning to show signs of fatigue. While buyers were able to extend the upside earlier, the strength behind the move is starting to weaken and the price action is becoming less clean.
Momentum that once pushed the market higher with conviction is now slowing, and the structure is shifting into a more choppy, grinding advance rather than a strong continuation.
When price begins to climb like this without strong follow through, it often signals that buying pressure is gradually fading. At the same time, sellers appear to be slowly stepping back into the market, leaning against the rally and testing the strength of the remaining buyers.
If the upside continues to stall around the current resistance area, the probability of a pullback increases. A rejection from the entry zone could open the door for a move back toward the lower support levels, making this area attractive for a potential short setup.
$TAO