looking closely at $TAO, is losing strength near resistance
The faster average is below the slower trend line, so sellers still have the broader structure on their side. The recent support area is around 208.7, while resistance is near 219.4. TAO is 3.50% higher over 24 hours and is trading around 209.7. RSI is 35.8, showing that buyers have not yet regained clear momentum. The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop. Volume is close to its recent average (1.1x), so follow-through will matter more than one candle. This sits in the top three of 4 setups that passed the scan filters, with the mapped entry and stop defining the risk.
Short setup | Spot chart | 1H
Entry: 209.5â210.5 | TP1: 202.7 / TP2: 196.4 / TP3: 189 | Stop Loss: 220.1
#TAO #Crypto #Binance #Write2Earn!
The faster average is below the slower trend line, so sellers still have the broader structure on their side. The recent support area is around 208.7, while resistance is near 219.4. TAO is 3.50% higher over 24 hours and is trading around 209.7. RSI is 35.8, showing that buyers have not yet regained clear momentum. The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop. Volume is close to its recent average (1.1x), so follow-through will matter more than one candle. This sits in the top three of 4 setups that passed the scan filters, with the mapped entry and stop defining the risk.
Short setup | Spot chart | 1H
Entry: 209.5â210.5 | TP1: 202.7 / TP2: 196.4 / TP3: 189 | Stop Loss: 220.1
#TAO #Crypto #Binance #Write2Earn!
