That setup is basically a momentum short / breakdown short thesis on TAIKOUSDT — not really a “short trap” in the usual sense. A short trap usually means shorts get baited in, then price rips higher and squeezes them.
$TAIKO My take:
If price loses 0.07659 cleanly with momentum, that supports the breakdown short idea.
If price first pops into the upper entry zone and wicks up without acceptance, the fakeout-pump-then-reject entry is usually cleaner because it gives better R:R.
The risky part is shorting too late after the breakdown candle is already stretched — that’s where traders get trapped chasing.
A few things to keep in mind:
RSI 62 on 15m isn’t extreme by itself — in a squeeze, it can stay elevated.
Low ATR can precede expansion, but it doesn’t guarantee downside first.
Your stop at 0.0797754 is logical structurally, but if liquidity sweeps above the zone first, early shorts can get clipped before the move.
So if I had to choose between the two:
Aggressive trader: short the confirmed breakdown below 0.07659
Patient trader: wait for a fakeout pump / rejection into the zone, then short the failure
#Taiko