An overextended relief bounce has been firmly choked off as sell-side block orders actively contain the local market structure to maintain a strict bearish trajectory on $TAIKO/USDT.
$TAIKO - SHORT
Trade Plan:
Entry: 0.08642 – 0.08842
SL: 0.09755
TP1: 0.07800
TP2: 0.06900
TP3: 0.05983
🔍 Why this setup?
1H timeframe confirms a clean bearish continuation pattern following a failure to breakout and hold above the local key pivot line at 0.08842, solidifying a firm distribution roof.
Eager dip-buyers are getting trapped as upward momentum completely dries up below major horizontal resistance, leaving wide-open room for heavy distribution down.
TP1 at 0.07800 targets the immediate lower liquidity zone before dominant sell-side velocity drives price action down toward the final macro targets.
The Question:
Are you fading this technical breakdown directly at current market prices, or looking for a minor relief bounce closer to the 0.09000 level before scaling in?
✅Click here to Trade 👇
$TAIKO
#thegreenman
$TAIKO - SHORT
Trade Plan:
Entry: 0.08642 – 0.08842
SL: 0.09755
TP1: 0.07800
TP2: 0.06900
TP3: 0.05983
🔍 Why this setup?
1H timeframe confirms a clean bearish continuation pattern following a failure to breakout and hold above the local key pivot line at 0.08842, solidifying a firm distribution roof.
Eager dip-buyers are getting trapped as upward momentum completely dries up below major horizontal resistance, leaving wide-open room for heavy distribution down.
TP1 at 0.07800 targets the immediate lower liquidity zone before dominant sell-side velocity drives price action down toward the final macro targets.
The Question:
Are you fading this technical breakdown directly at current market prices, or looking for a minor relief bounce closer to the 0.09000 level before scaling in?
✅Click here to Trade 👇
$TAIKO
#thegreenman