$TAO short. Guys, I'm fading this run.
The price keeps getting smacked with longer upper wicks when it tries to push up in this range. Plus, the upward momentum just won't stick after that last high. Looks like the short-term MAs are just flat, no direction telling us anything. I'm waiting for that decisive break below support to get in. If it closes strongly above the resistance peak, I'm out fast.
Plan (15m only): entry ~224.000 · SL 227.360 · TP 220.240 · R:R 1.12
15m only — not a swing call.
#TechnicalAnalysis
The price keeps getting smacked with longer upper wicks when it tries to push up in this range. Plus, the upward momentum just won't stick after that last high. Looks like the short-term MAs are just flat, no direction telling us anything. I'm waiting for that decisive break below support to get in. If it closes strongly above the resistance peak, I'm out fast.
Plan (15m only): entry ~224.000 · SL 227.360 · TP 220.240 · R:R 1.12
15m only — not a swing call.
#TechnicalAnalysis
