$TAO Closing the 3D candle creates a strong bearish reversal cluster.
Today's candle has shown an upward movement testing the upper boundary. Therefore, I will consider shorting this one. The stop loss at 276 will be around ~2%.
Minimum likely to go back to 250, otherwise, it might even drop to 220-210 due to the strong bearish reversal on the 3D frame.
At 250, the R:R is 4:1, and at 220, it is 10:1. Reasonable to enter a trade 🤔🤔🤔
Upon closer inspection, I might have to wait longer because if it tests the 3D candle that closes this morning, it could peak at 282. Waiting for a clear reversal signal on the smaller frame.
Today's candle has shown an upward movement testing the upper boundary. Therefore, I will consider shorting this one. The stop loss at 276 will be around ~2%.
Minimum likely to go back to 250, otherwise, it might even drop to 220-210 due to the strong bearish reversal on the 3D frame.
At 250, the R:R is 4:1, and at 220, it is 10:1. Reasonable to enter a trade 🤔🤔🤔
Upon closer inspection, I might have to wait longer because if it tests the 3D candle that closes this morning, it could peak at 282. Waiting for a clear reversal signal on the smaller frame.
