$TAO – BEARISH SETUP CONFIRMED!
$TAO is currently trading at $253.46 after rejecting a strong resistance zone at $261.21. The price is struggling to break this level, signaling a potential downside move.
🔻 Trade Setup:
Short Entry: $254.00
Take Profit (TP): $239.41
Stop Loss (SL): $261.21
📉 Market Outlook:
$TAO is showing signs of weakness after failing to hold above the resistance zone. If the downward pressure continues, the next key support is at $239.41, with further downside potential toward $216.00.
⚠️ Risk Management:
Ensure a solid risk-to-reward ratio. Keep position size controlled and use stop-loss orders to manage downside risk.
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