$TAO – Resistance Rejected, Sellers Gaining Control for a Deeper Slide
Trading Plan: Short $TAO
Entry: 247.3 – 251.0
Stop Loss (SL): 258.5
Take Profit (TP 1): 235.0
Take Profit (TP 2): 222.0
Take Profit (TP 3): 208.0
Analysis:
After a failed attempt to sustain momentum above the $255 mark, $TAO is showing clear signs of exhaustion. The recent price action has formed a series of red candles, breaking below immediate short-term moving averages. The MACD is losing its bullish histogram strength, and the RSI(6) is trending downward, currently sitting at 48.2, suggesting that the bears are starting to dominate the narrative.
The structure looks heavy; as long as the price stays below the recent peak, the path of least resistance is to the downside. If the current support level at 243.0 breaks, we expect a rapid move toward the primary targets. Momentum is shifting—stay sharp.
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