keeping an eye on $TAO, with leverage sitting around 43x, failed to hold the push and is slipping back under resistance
A weak reaction around the entry band would support the plan; a clean reclaim would weaken it. The faster average is below the slower trend line, so sellers still have the broader structure on their side. The 24-hour move stands at -2.23%, with the latest price near 215.3. Participation is still light at 0.1x average volume; I would not treat this as confirmed momentum yet. RSI is 37.2, showing that buyers have not yet regained clear momentum. The recent support area is around 211, while resistance is near 226.5.
Short setup | Spot chart | 4H
Entry: 215.1–216.5 | TP1: 205 / TP2: 195.3 / TP3: 185.6 | Stop Loss: 227.5
#TAO #crypto #binance #Write2Earn
A weak reaction around the entry band would support the plan; a clean reclaim would weaken it. The faster average is below the slower trend line, so sellers still have the broader structure on their side. The 24-hour move stands at -2.23%, with the latest price near 215.3. Participation is still light at 0.1x average volume; I would not treat this as confirmed momentum yet. RSI is 37.2, showing that buyers have not yet regained clear momentum. The recent support area is around 211, while resistance is near 226.5.
Short setup | Spot chart | 4H
Entry: 215.1–216.5 | TP1: 205 / TP2: 195.3 / TP3: 185.6 | Stop Loss: 227.5
#TAO #crypto #binance #Write2Earn
