🔴 $TAO BEARISH STRUCTURE REMAINS INTACT – SHORT BIAS PERSISTS 📉
Entry: 191.90 – 192.30 ⚡
Target: 189.00 🚀
Stop Loss: 193.60 ⚠️
📌 $TAO continues to trade below the key resistance that flipped to supply on the 1H timeframe, with each rally met by aggressive seller absorption. The recent failure to reclaim the 193 zone confirms a liquidity grab above prior highs, leaving the path open toward the next demand void near 189. 📊 Volume profile shows consistent distribution on each push lower, while the RSI holds below 40 — a textbook bearish momentum structure.
💡 Waiting for a rejection at the entry zone is the disciplined play; chasing breakouts here carries unnecessary risk. 💬 Do you see this sweeping down to 189 before any relief bounce, or will buyers step in earlier? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #TAO #ShortSetup #Bearish #Crypto #Trading
🦈 📉
Entry: 191.90 – 192.30 ⚡
Target: 189.00 🚀
Stop Loss: 193.60 ⚠️
📌 $TAO continues to trade below the key resistance that flipped to supply on the 1H timeframe, with each rally met by aggressive seller absorption. The recent failure to reclaim the 193 zone confirms a liquidity grab above prior highs, leaving the path open toward the next demand void near 189. 📊 Volume profile shows consistent distribution on each push lower, while the RSI holds below 40 — a textbook bearish momentum structure.
💡 Waiting for a rejection at the entry zone is the disciplined play; chasing breakouts here carries unnecessary risk. 💬 Do you see this sweeping down to 189 before any relief bounce, or will buyers step in earlier? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #TAO #ShortSetup #Bearish #Crypto #Trading
🦈 📉