This Small Bounce Is Not A Recovery, It Is A Trap For Late Buyers.
Price tried to hold near 222.4, but it was rejected and slipped to 220.0. That rejection was not random, sellers are still active above.
The ceiling is clear, from 222.4 up to 225.8. As long as price stays below it, this is still a short setup. If price breaks above it, the short idea fails.
Now sellers have control. Stay below the ceiling means way to 211.9 is open.
Entry: near 220.0,
SL: above 225.8,
TP: near 211.9, Not financial advice. DYOR.
#TAO $TAO
Price tried to hold near 222.4, but it was rejected and slipped to 220.0. That rejection was not random, sellers are still active above.
The ceiling is clear, from 222.4 up to 225.8. As long as price stays below it, this is still a short setup. If price breaks above it, the short idea fails.
Now sellers have control. Stay below the ceiling means way to 211.9 is open.
Entry: near 220.0,
SL: above 225.8,
TP: near 211.9, Not financial advice. DYOR.
#TAO $TAO
