🔥 $TAO is preparing for a drop? Let’s break down the short scenario
After an impulse surge to the $341.3 level, coin $TAO moved into a prolonged correction and range-bound (flat) phase. On the 4-hour timeframe, the price hit a resistance block formed by the EMA21 and EMA50 moving averages, and the Stoch RSI indicator entered the overbought zone, hinting at buyer weakness and an upcoming pullback.
📌 Trading plan (Short):
We give top priority to the short scenario as long as selling pressure remains below the $310–312 zone.
Entry points:
Aggressive: $301.4 – $303.0 (at the current price while it retests the EMA21/EMA50 area).
Conservative: $308.0 – $310.6 (after the upper boundary of the range is retested/breaks down before the decline).
Stop-loss (SL): $333.0 (beyond the local high and the resistance level).
🎯 Downside targets:
TP1: $297.0 (~ -2.3% to -4.4% from entry) — test of the nearest support level.
TP2: $287.0 (~ -5.6% to -7.6% from entry) — the support area near EMA99.
TP3: $279.0 (~ -8.2% to -10.2% from entry) — liquidity sweep of the local low.
Trading 👉$TAO
After an impulse surge to the $341.3 level, coin $TAO moved into a prolonged correction and range-bound (flat) phase. On the 4-hour timeframe, the price hit a resistance block formed by the EMA21 and EMA50 moving averages, and the Stoch RSI indicator entered the overbought zone, hinting at buyer weakness and an upcoming pullback.
📌 Trading plan (Short):
We give top priority to the short scenario as long as selling pressure remains below the $310–312 zone.
Entry points:
Aggressive: $301.4 – $303.0 (at the current price while it retests the EMA21/EMA50 area).
Conservative: $308.0 – $310.6 (after the upper boundary of the range is retested/breaks down before the decline).
Stop-loss (SL): $333.0 (beyond the local high and the resistance level).
🎯 Downside targets:
TP1: $297.0 (~ -2.3% to -4.4% from entry) — test of the nearest support level.
TP2: $287.0 (~ -5.6% to -7.6% from entry) — the support area near EMA99.
TP3: $279.0 (~ -8.2% to -10.2% from entry) — liquidity sweep of the local low.
Trading 👉$TAO
