$TAO short: sellers need 222 on the 4H to hold 👀
Price sits at 222 with the EMA50 above at 230. I want a wick up into 221.9–222.2 and a rejection. A close above 224 and the idea is dead.
SHORT 221.9–222.2
TP 220.9 / 220.2 / 219.1
SL 223.9
4H price 222 sits below the EMA50 at 230, structure still leans on sellers. Daily is below the EMA200 at 246, the bigger trend is on this side. Risk 0.83% to SL against 1.3% to TP3, about 1.6R if it plays out.
Reject at 222 or grind through 224?
Plan, not advice.
Price sits at 222 with the EMA50 above at 230. I want a wick up into 221.9–222.2 and a rejection. A close above 224 and the idea is dead.
SHORT 221.9–222.2
TP 220.9 / 220.2 / 219.1
SL 223.9
4H price 222 sits below the EMA50 at 230, structure still leans on sellers. Daily is below the EMA200 at 246, the bigger trend is on this side. Risk 0.83% to SL against 1.3% to TP3, about 1.6R if it plays out.
Reject at 222 or grind through 224?
Plan, not advice.
