$TAO : Let's do SHORT due to rejection on MA99.
TAO is testing the 1h MA99 resistance at 244.50 after a sharp rejection from the 259.95 high. With the 15m chart showing a bearish cross of the MA7 and MA25, it is likely that the current rebound is the formation of a descending maximum before the fall continues.
Entry: 244.8 – 246.9
Stop Loss: 254.31
TP1: 234.31
TP2: 225.08
Click here to trade 👇
TAO is testing the 1h MA99 resistance at 244.50 after a sharp rejection from the 259.95 high. With the 15m chart showing a bearish cross of the MA7 and MA25, it is likely that the current rebound is the formation of a descending maximum before the fall continues.
Entry: 244.8 – 246.9
Stop Loss: 254.31
TP1: 234.31
TP2: 225.08
Click here to trade 👇