That lower high at 197.07 got rejected twice—momentum is clearly fading.
$TAO /USDT — SHORT
Trade Plan
Entry: 195.00 – 195.80
SL: 197.20 (above recent swing high)
TP1: 193.50
TP2: 191.80
TP3: 190.00
Why this setup?
Price is rolling over from descending resistance, with each rebound making lower highs. The 198.54 peak is now distant, and $TAO is struggling to hold above the 195.00 mark price—weak bid beneath the surface.
Bears stay in control until proven otherwise. I’ll add size if 194.80 breaks with volume. $TAO
$TAO /USDT — SHORT
Trade Plan
Entry: 195.00 – 195.80
SL: 197.20 (above recent swing high)
TP1: 193.50
TP2: 191.80
TP3: 190.00
Why this setup?
Price is rolling over from descending resistance, with each rebound making lower highs. The 198.54 peak is now distant, and $TAO is struggling to hold above the 195.00 mark price—weak bid beneath the surface.
Bears stay in control until proven otherwise. I’ll add size if 194.80 breaks with volume. $TAO