📉 $TAIKO Price got rejected hard at $0.2600 and is pulling back. Now sitting on local EMA support, bounce looks tired, buyers are quiet.

Trading Plan (Short):

Entry: $0.2120– $0.2180

SL: $0.2270

TP: $0.1960

The push off the ~$0.204 EMA was weak and didn’t go anywhere — that’s the first red flag. Every small pop near $0.220 keeps getting sold into, no follow-through at all. As long as price stays capped below the recent lower high, I’m expecting this shelf to give way. Once it breaks, downside should open up quickly. Reclaim and hold above ~$0.240 and the short idea is dead, no debate.

Short $TAIKO 👇

TAIKOUSDT

Perp

0.1859

-9.36%