$TAIKO

TAIKOUSDT

Perp

0.1216

-9.05%

Short trade setup

The $TAIKO is experiencing weakness after a strong pump, with a low tightness below the supply area, indicating a potential continuation of selling pressure in the near term.

Trade details:

Entry zone: 0.202 – 0.208

Take profit targets:

TP1: 0.195

TP2: 0.185

TP3: 0.172

Stop loss: 0.215

Technical outlook:

The short-term trend is negative as long as the price remains below the supply areas. It is advised to secure partial profits at TP1 and continue to monitor the stop loss to reduce risks as the bearish momentum continues.