#TAO/USDT
#ETH🔥🔥🔥🔥🔥🔥
At 218.1, $TAO is trading below its 7-day SMA of 231.8 while remaining above its 25-day SMA of 216.9. The 7-day average is still above the 25-day average, but the last 10 candles have been bearish, giving the chart a clear downside bias. I’m placing the short entry near the current price, with a stop around the 188.5 support area and a target near the 261.3 resistance level. If $TAO continues weakening and remains below 231.8, the pullback could extend further.
#ETH🔥🔥🔥🔥🔥🔥
At 218.1, $TAO is trading below its 7-day SMA of 231.8 while remaining above its 25-day SMA of 216.9. The 7-day average is still above the 25-day average, but the last 10 candles have been bearish, giving the chart a clear downside bias. I’m placing the short entry near the current price, with a stop around the 188.5 support area and a target near the 261.3 resistance level. If $TAO continues weakening and remains below 231.8, the pullback could extend further.
