$TAO — Rising wedge breakdown forming at 314.92 OB. Dump likely....
Trade Plan: Short $TAO
Entry: 312.00 - 316.00
SL: 321.30
TP: 300.54 | 288.44 | 276.00
Why this Setup?
A rising wedge breakdown is forming around the 314.92 OB level, signaling weakening upside momentum and potential seller control. A confirmed rejection from this area could drive price lower toward the TP levels. As long as 321.30 holds, the bearish setup remains valid.
Trade $TAO here 👇
Trade Plan: Short $TAO
Entry: 312.00 - 316.00
SL: 321.30
TP: 300.54 | 288.44 | 276.00
Why this Setup?
A rising wedge breakdown is forming around the 314.92 OB level, signaling weakening upside momentum and potential seller control. A confirmed rejection from this area could drive price lower toward the TP levels. As long as 321.30 holds, the bearish setup remains valid.
Trade $TAO here 👇
