$TAIKO is reversing from key resistance.
SHORT $TAIKO
Entry: 0.1320 - 0.1350
S.L: 0.1550
TP 1: 0.1050
TP 2: 0.0970
Full tp: 0.0930
Thesis:
$TAIKO showing heavy rejection after testing the recent high and breaking down from key resistance zone. Price currently trading near 0.1323 with bearish momentum building, confirmed by the rejection from upper levels. Next major support sits at lower demand area with volume supporting the downtrend.
SHORT $TAIKO
Entry: 0.1320 - 0.1350
S.L: 0.1550
TP 1: 0.1050
TP 2: 0.0970
Full tp: 0.0930
Thesis:
$TAIKO showing heavy rejection after testing the recent high and breaking down from key resistance zone. Price currently trading near 0.1323 with bearish momentum building, confirmed by the rejection from upper levels. Next major support sits at lower demand area with volume supporting the downtrend.