Sure, it will drop but only for testing or to close a price gap fvg or to head towards an order block or the reversal at cisd 173 dollars
BlockchainPrime
·
--
Bearish
$TAO Those who bought at the peak are now waiting for a miracle that will not come, and the next drop will wipe out the last hope for those clinging to a return to the breakeven point. - The strong price rejection and the formation of a Weak High confirm that the whales are selling every rise. - Breaking the bullish structure (BOS) and the momentum turning red means that the trend has officially changed to bearish. - The upper supply zone has become a graveyard for buyers and will not be easily surpassed. - Selling volume increases with every bearish candle, indicating the escape of smart money.$TAO
Trade Setup (Short): Entry Range: 191.00 - 192.50 Targets: 185.00 - 180.00 - 175.00 Stop Loss: 198.00 Risk Management: Do not enter with all your capital, the market does not forgive fools. Technical Analysis: After a strong upward wave, the price failed to maintain momentum and formed a peak weaker than the previous one. The Squeeze Momentum indicator shows the beginning of a clear negative shift (red bars), and breaking nearby demand areas will lead to a rapid collapse towards the strong low at 175. Will you exit with a small loss now or will you wait until your portfolio is completely liquidated?
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
97
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.