$TAO has shown a strong bearish breakdown, where the price has lost the support zone 👇

Current structure is showing lower highs & lower lows, which confirms seller control in the short term ⚠️

TAO

259

-2.77%

TAOUSDT

Perp

259.02

-2.73%

📌 Bearish Scenario (Primary Setup):

Sell on Pullback / Breakdown

🔴 Entry (Sell):

270 – 272

(Previous support → now resistance)

🛑 Stop Loss (SL):

276

(Invalidation level, above the structure)

🎯 Take Profit (TP):

🥇 TP1: 265

🥈 TP2: 258

🥉 TP3: 250

📈 Bullish Reversal Scenario (Alternative):

If the price gives a strong close & holds above 276

👉 then the short-term trend could flip

🟢 Bullish Targets:

280 → 286 → 292

🧠 Market Insight:

• Trend short-term bearish

• Consolidation is happening after the breakdown

• If the pullback is rejected with volume, downside continuation could be strong

⚠️ DYOR | Not Financial Advice