$TAO short setup: price at resistance 278 on the 4H ๐
Reject 278 โ 271, then 268.
Reclaim 284 โ the idea is off the table.
I'm watching for sellers to defend this level.
What I'm seeing:
- 4H price 278 below EMA50 298, trend structure favors sellers
- 1H RSI 31: already oversold, not a drop to chase
- BTC short-term trend bearish, providing a tailwind
๐ด SHORT ยท Entry 277.0โ278.0 ยท TP 273.8 / 271.4 / 267.7 ยท SL 283.6
NFA ยท DYOR
Reject 278 โ 271, then 268.
Reclaim 284 โ the idea is off the table.
I'm watching for sellers to defend this level.
What I'm seeing:
- 4H price 278 below EMA50 298, trend structure favors sellers
- 1H RSI 31: already oversold, not a drop to chase
- BTC short-term trend bearish, providing a tailwind
๐ด SHORT ยท Entry 277.0โ278.0 ยท TP 273.8 / 271.4 / 267.7 ยท SL 283.6
NFA ยท DYOR
