following the price action on $TAO, keeping leverage around 23x, just rejected again, so the short side makes more sense here
The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop. The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. The 24-hour move stands at -1.10%, with the latest price near 207.2. Participation is still light at 0.0x average volume; I would not treat this as confirmed momentum yet. RSI is 38.4, showing that buyers have not yet regained clear momentum. The recent support area is around 200.8, while resistance is near 226.5. Among 6 setups that passed the scan filters, this currently ranks first; the entry still needs to hold before it becomes actionable.
Short setup | Spot chart | 4H
Entry: 206.9–208.6
TP1: 197.4 | TP2: 188 | TP3: 178.7
Stop Loss: 220.7
#TAO #Write2Earn! #crypto #Binance
The planned entry is an area to watch for a failed bounce; it avoids chasing an already extended drop. The moving-average structure is still bearish; any bounce needs to prove it can hold before the bias changes. The 24-hour move stands at -1.10%, with the latest price near 207.2. Participation is still light at 0.0x average volume; I would not treat this as confirmed momentum yet. RSI is 38.4, showing that buyers have not yet regained clear momentum. The recent support area is around 200.8, while resistance is near 226.5. Among 6 setups that passed the scan filters, this currently ranks first; the entry still needs to hold before it becomes actionable.
Short setup | Spot chart | 4H
Entry: 206.9–208.6
TP1: 197.4 | TP2: 188 | TP3: 178.7
Stop Loss: 220.7
#TAO #Write2Earn! #crypto #Binance
