$TAO - SHORT setup (x25)
Entry: 271.47 - 271.96
SL: 275.12 (-1.2%)
TP: 268 - 264.9 - 261.5 (+1.4-3.8%)
Most of the initial drop has already printed, and sellers still account for 57.7% of trades. Price sits below its main moving averages, with nothing on the hourly chart pushing back. That seller share is the fact carrying this read.
⚠️ Personal market insight, not investment advice. DYOR.
Keeping an eye on $XAU today.
Entry: 271.47 - 271.96
SL: 275.12 (-1.2%)
TP: 268 - 264.9 - 261.5 (+1.4-3.8%)
Most of the initial drop has already printed, and sellers still account for 57.7% of trades. Price sits below its main moving averages, with nothing on the hourly chart pushing back. That seller share is the fact carrying this read.
⚠️ Personal market insight, not investment advice. DYOR.
Keeping an eye on $XAU today.