🚨 $TAO /USDT Trading Signal (Short/Bearish) 🚨
Pair: TAO/USDT (Perpetual)
Direction: SHORT 📉
Current Price: 234.14
Trade Setup
* Entry Zone: 234.00 – 238.50 (Wait for a minor pullback toward EMA 9)
* Target 1: 225.20 🎯
* Target 2: 214.50 🎯
* Target 3: 200.00 🎯
* Stop Loss: 247.20 (Above Supertrend resistance) 🛑
Technical Analysis
* Supertrend: Bearish (Red line overhead at 246.93 acting as strong dynamic resistance).
* EMAs: EMA(9) at 236.43 crossed below EMA(20) at 240.80, signaling active downside momentum.
* Price Structure: Clear rejection from the 277.12 local high, forming lower lows and lower highs on the 4H chart.
#TAO #Bittensor #TAOUSDT #CryptoSignals #BinanceSquare #CryptoTrading #BearishSignal #TradingView
Pair: TAO/USDT (Perpetual)
Direction: SHORT 📉
Current Price: 234.14
Trade Setup
* Entry Zone: 234.00 – 238.50 (Wait for a minor pullback toward EMA 9)
* Target 1: 225.20 🎯
* Target 2: 214.50 🎯
* Target 3: 200.00 🎯
* Stop Loss: 247.20 (Above Supertrend resistance) 🛑
Technical Analysis
* Supertrend: Bearish (Red line overhead at 246.93 acting as strong dynamic resistance).
* EMAs: EMA(9) at 236.43 crossed below EMA(20) at 240.80, signaling active downside momentum.
* Price Structure: Clear rejection from the 277.12 local high, forming lower lows and lower highs on the 4H chart.
#TAO #Bittensor #TAOUSDT #CryptoSignals #BinanceSquare #CryptoTrading #BearishSignal #TradingView
