$TAIKO/USDT — SHORT SETUP 📉
Sellers continue to fade every bounce on $TAIKO, while the broader trend remains bearish. The latest rebound failed near 0.07096, suggesting strong selling pressure around this resistance zone.
📍 Trade Plan
Entry: 0.0707822 – 0.0709578
🛑 Stop Loss: 0.0729469
🎯 Targets:
• TP1: 0.0693123
• TP2: 0.0682738
• TP3: 0.0667161
Why this setup?
15M RSI: 28.08 — deeply oversold, so a relief bounce remains possible, but it doesn't automatically signal a trend reversal.
1D trend: Bearish.
4H bias: Short, with strong bearish momentum.
Resistance: The recent bounce was rejected around 0.07096, keeping sellers in control.
Risk/Reward: The entry zone offers a relatively tight invalidation above the recent resistance area.
⚠️ Key level to watch: A strong breakout above 0.07096–0.07295 could invalidate the bearish setup.
Debate: Are we fading this bounce toward TP2, or will the 15M RSI trigger a short-term reversal? 👀
Trade with proper risk management. Never go all-in.
Bears are watching. 🐻👇
Sellers continue to fade every bounce on $TAIKO, while the broader trend remains bearish. The latest rebound failed near 0.07096, suggesting strong selling pressure around this resistance zone.
📍 Trade Plan
Entry: 0.0707822 – 0.0709578
🛑 Stop Loss: 0.0729469
🎯 Targets:
• TP1: 0.0693123
• TP2: 0.0682738
• TP3: 0.0667161
Why this setup?
15M RSI: 28.08 — deeply oversold, so a relief bounce remains possible, but it doesn't automatically signal a trend reversal.
1D trend: Bearish.
4H bias: Short, with strong bearish momentum.
Resistance: The recent bounce was rejected around 0.07096, keeping sellers in control.
Risk/Reward: The entry zone offers a relatively tight invalidation above the recent resistance area.
⚠️ Key level to watch: A strong breakout above 0.07096–0.07295 could invalidate the bearish setup.
Debate: Are we fading this bounce toward TP2, or will the 15M RSI trigger a short-term reversal? 👀
Trade with proper risk management. Never go all-in.
Bears are watching. 🐻👇