$TAO is showing clear signs of exhaustion after a failed breakout above the 308.1 resistance zone, forming a bearish descending channel on the 1-hour chart with weakening momentum indicators..........

Sellers are gaining control, rejecting higher highs, and price is now testing resistance that aligns with the recent swing high after the pullback...........

As long as this bearish structure holds, expect a reversal targeting the lower liquidity zone marked on the chart......

Trade Setup

Entry Range: 303.5 – 304.5

Target 1: 298.0

Target 2: 292.0

Target 3: 285.0

Stop Loss: 306.0

TAO
TAO
302
+2.58%