đ„ $TAO /USDT SMART SHORT SETUP â BEARS EYEING A DEEPER DROP đ„
TAO/USDT is showing clear signs of weakness after facing rejection from the higher supply zone. Price is currently trading around $233.1, with sellers maintaining pressure and momentum still favoring the bearish side. A possible liquidity grab/pullback toward the resistance area could trap late buyers before the next downside move begins. Traders should watch for bearish rejection and confirmation before entering a short position.
đ Short Entry Zone: $234.0 â $236.0
đŻ Target 1: $229.2
đŻ Target 2: $226.3
đŻ Target 3: $224.0
đ Stop Loss: $238.0
Technical View: TAO is respecting a bearish market structure with lower highs forming on the 15M timeframe. Smart money may use a small recovery move to collect liquidity before pushing price lower. Patience is key â wait for confirmation, manage risk properly, and avoid chasing entries. A clean rejection from resistance could open the path toward fresh lows. đšđ
#TAO #TAOUSDT #CryptoTrading #BinanceSquare #SmartMoneyConcepts
#TAO
TAO/USDT is showing clear signs of weakness after facing rejection from the higher supply zone. Price is currently trading around $233.1, with sellers maintaining pressure and momentum still favoring the bearish side. A possible liquidity grab/pullback toward the resistance area could trap late buyers before the next downside move begins. Traders should watch for bearish rejection and confirmation before entering a short position.
đ Short Entry Zone: $234.0 â $236.0
đŻ Target 1: $229.2
đŻ Target 2: $226.3
đŻ Target 3: $224.0
đ Stop Loss: $238.0
Technical View: TAO is respecting a bearish market structure with lower highs forming on the 15M timeframe. Smart money may use a small recovery move to collect liquidity before pushing price lower. Patience is key â wait for confirmation, manage risk properly, and avoid chasing entries. A clean rejection from resistance could open the path toward fresh lows. đšđ
#TAO #TAOUSDT #CryptoTrading #BinanceSquare #SmartMoneyConcepts
#TAO
