Everyone is looking for #TAIKO to bounce but the bears are still controlling the trend.
$TAIKO SHORT
Trade Plan:
Entry: 0.1142 – 0.1145
SL: 0.1180
TP1: 0.1100
TP2: 0.1060
TP3: 0.1020
Why this setup?
TAIKO remains under heavy selling pressure after a sharp 14% decline, with price continuing to print lower highs below the key 0.1180 resistance. The recent pullback has failed to shift momentum, and a confirmed break below 0.1143 could trigger another wave of selling toward lower support levels. As long as resistance holds, the bearish outlook remains intact.
Debate:
Are you shorting the breakdown toward 0.1020, or expecting buyers to step in and create a reversal from support? $TAIKO
$TAIKO SHORT
Trade Plan:
Entry: 0.1142 – 0.1145
SL: 0.1180
TP1: 0.1100
TP2: 0.1060
TP3: 0.1020
Why this setup?
TAIKO remains under heavy selling pressure after a sharp 14% decline, with price continuing to print lower highs below the key 0.1180 resistance. The recent pullback has failed to shift momentum, and a confirmed break below 0.1143 could trigger another wave of selling toward lower support levels. As long as resistance holds, the bearish outlook remains intact.
Debate:
Are you shorting the breakdown toward 0.1020, or expecting buyers to step in and create a reversal from support? $TAIKO