Guys, I see a selling opportunity at $TAO / USDT 🔍
The pair currently couldn't break above EMA50 on the hourly frame, and the RSI on the 15-minute is below 50… which means the momentum is starting to weaken 👎
Personally, I think the downward trend is still dominant, and if the price breaks the local bottom, we might see a quick drop 👇
My setup for the trade (short):
• Entry: between 289 – 292
• TP1: 285
• TP2: 280
• TP3: 275
• Stop loss: 295
For me, as long as the structure is like this and the momentum is in my favor, I'm entering with confidence but with a clear plan.
Follow the updates regularly on the channel #CryptoEmad
TAOUSDT
Perp
284.76
-9.23%