Short $TAO , price sits at 237. Sellers need to show up here. 👀
If 237 rejects: 235, then 234.
If price gets back above 239: idea's dead.
Watching for a rejection at this level. I'll wait for sellers to take charge.
SHORT 236.8–237.2
TP 235.7 / 234.9 / 233.6
SL 239.1
4H price at 237, below the EMA50 at 247, so trend structure favors sellers. On the daily, price is below the EMA200 at 247, keeping the bigger trend in check. Risk is 0.89% to stop loss vs 1.4% to TP3, offering about 1.6R if it plays out.
NFA, DYOR.
If 237 rejects: 235, then 234.
If price gets back above 239: idea's dead.
Watching for a rejection at this level. I'll wait for sellers to take charge.
SHORT 236.8–237.2
TP 235.7 / 234.9 / 233.6
SL 239.1
4H price at 237, below the EMA50 at 247, so trend structure favors sellers. On the daily, price is below the EMA200 at 247, keeping the bigger trend in check. Risk is 0.89% to stop loss vs 1.4% to TP3, offering about 1.6R if it plays out.
NFA, DYOR.
