$TAO SELL OPPORTUNITY.
After a clear downtrend, TAO has now made a retracement, and from the current zone, there is a possibility of another move to the downside.
If you are looking for a sell opportunity, do not enter immediately. Wait for proper confirmation first. If a strong red candle breaks down to 210 or below, it could confirm that the market is ready to continue its bearish move.
After confirmation, you can look for the following setup:
Entry: 210 – 208
Target 1: 205.05
Target 2: 197.07
Stop Loss: 217.50
The key here is confirmation. Wait for the breakdown before taking the entry and follow the setup accordingly.
After a clear downtrend, TAO has now made a retracement, and from the current zone, there is a possibility of another move to the downside.
If you are looking for a sell opportunity, do not enter immediately. Wait for proper confirmation first. If a strong red candle breaks down to 210 or below, it could confirm that the market is ready to continue its bearish move.
After confirmation, you can look for the following setup:
Entry: 210 – 208
Target 1: 205.05
Target 2: 197.07
Stop Loss: 217.50
The key here is confirmation. Wait for the breakdown before taking the entry and follow the setup accordingly.
