“$TAO /USDT is in a bearish daily trend, while the 4-hour chart is trading sideways. On the 1-hour chart, price is moving above its EMA50 but is approaching a key resistance zone. Momentum is weakening on shorter timeframes. A short trade can be taken if the 15-minute RSI drops below 50, signaling a rejection and a likely pullback toward the first target. This is a high-probability short setup within the bigger downtrend.

Short Setup:

• Entry: 290.90 – 293.32

• Take Profits: 287.28 → 282.45 → 277.62

• Stop-Loss: 296.94

In short: the price is hitting resistance, short-term momentum is fading, and this could be a good opportunity for a short trade.

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TAO

288.1

-4.34%