$TAO /Tether Analysis 📉

The daily trend for $TAO is currently bearish, while the 4-hour chart shows a ranging market. This indicates underlying downward pressure despite short-term consolidation.

On the 1-hour timeframe, we observe a key rejection below the EMA50, signaling resistance. Momentum is also shifting downwards, with the 15-minute RSI dipping below 50, providing a precise short entry trigger.

This setup aligns with the broader bearish trend, offering a potential downside opportunity. A confirmed break below the local low could lead to an immediate move towards our first target (TP1).

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*Actionable Setup (SHORT)*

Entry: 289.58 – 292.13
TP1: 285.77
TP2: 280.68
TP3: 275.59
SL: 295.94