I’ve been tracking $TAO closely throughout today’s session, and the price action is starting to send some cautionary signals. After that solid bullish push, the "engine" seems to be losing steam.
When a chart transitions from aggressive climbing to this kind of heavy, exhausted sideways movement, it usually suggests that the buyers are tapped out. To me, it looks like a local top has been established. If the bears decide to capitalize on this fatigue, I expect a correction toward the $332 liquidity pocket.
🎯 The Setup: Short Opportunity 🔴
Entry Range: $350.00 – $360.50
Primary Targets: $320.00 — $300.00
Risk Management: Manual Exit (No hard SL)
🛡️ Why I’m Skipping the Hard Stop Loss
We’ve all been there—getting "wicked out" of a perfect trade just before it hits the target. The market is notorious for hunting obvious stop-loss levels.
Instead of setting a static trigger for the bots to hit, I’m monitoring the market structure. If the bearish thesis breaks or the price holds strength above the entry zone, I’ll close the position manually. Trading isn't just about hitting buttons; it’s about staying adaptable to what the tape is telling you.
Patience is the ultimate edge. 🥂
#TAO #cryptotreading #TechnicalAnalysiss #BinanceSquare
