$TAO – SHORT
Entry: 238.19–238.22
SL: 242.31
TP1: 237.50
TP2: 236.40
TP3: 235.25
Market structure shows a clear bearish breakdown with aggressive selling pressure observed in the most recent candles. Volume has spiked significantly during the decline, signaling strong distribution. The price failed to sustain recovery levels near 248, and failing to hold the 240 support confirms downward momentum. We anticipate further liquidation as sellers maintain control of the order flow, pushing the asset toward lower liquidity pockets following the recent impulse.
Entry: 238.19–238.22
SL: 242.31
TP1: 237.50
TP2: 236.40
TP3: 235.25
Market structure shows a clear bearish breakdown with aggressive selling pressure observed in the most recent candles. Volume has spiked significantly during the decline, signaling strong distribution. The price failed to sustain recovery levels near 248, and failing to hold the 240 support confirms downward momentum. We anticipate further liquidation as sellers maintain control of the order flow, pushing the asset toward lower liquidity pockets following the recent impulse.