$TAO #TAO If the rebound won’t move, don’t force a bottom call. The short side’s rhythm hasn’t been fully handed over yet.
Candlestick timeframe: 1h
My bias: slightly bearish (I only trade in line with the trend; I don’t fight emotions head-on)
$TAO #TAO Execution: short the rebound, and only add position after key levels are confirmed.
Key rationale: 1) TAOUSDT 24h price change 10.967%; current price about 255.9000; 24h trading volume about 200.83M; 2) the 1h close dropped from 255.9300 to 255.9000, and the main cycle is still weakening. 3) the 4h close moved from 256.5900 to 256.1300; current open interest is about 291.22K; funding rate is about 0.0050%; the pullback looks more like an opportunity for shorts.
Risk control level: If 1h reclaims above 256.9100, the bearish thesis is invalid.
$TAO #TAO Closing: the direction is set—execute with discipline. For reference only and does not constitute investment advice.
Candlestick timeframe: 1h
My bias: slightly bearish (I only trade in line with the trend; I don’t fight emotions head-on)
$TAO #TAO Execution: short the rebound, and only add position after key levels are confirmed.
Key rationale: 1) TAOUSDT 24h price change 10.967%; current price about 255.9000; 24h trading volume about 200.83M; 2) the 1h close dropped from 255.9300 to 255.9000, and the main cycle is still weakening. 3) the 4h close moved from 256.5900 to 256.1300; current open interest is about 291.22K; funding rate is about 0.0050%; the pullback looks more like an opportunity for shorts.
Risk control level: If 1h reclaims above 256.9100, the bearish thesis is invalid.
$TAO #TAO Closing: the direction is set—execute with discipline. For reference only and does not constitute investment advice.