$TAO Short Setup: 4H Resistance Play at 278
Price is retesting resistance at 278 on the 4-hour timeframe.
Bearish Scenario: A rejection at 278 targets 271, followed by 268.
Invalidation: A clean reclaim of 284 invalidates the trade.
Key Technicals:
4H Structure: Trading at 278, well below the 50 EMA (298)—macro trend favors bears.
1H RSI: Sitting at 31 (oversold), so avoid chasing aggressive breakdowns; wait for the setup.
Market Context: Short-term BTC weakness provides a favorable tailwind for alt shorts.
🔴 Trade Plan (SHORT)
Entry: 277.0 – 278.0
Take Profit: 273.8 / 271.4 / 267.7
Stop Loss: 283.6
NFA · DYOR
$TAO
#IMFSaysTokenizedMarketsSmall #VitalikWarnsAICouldWeakenCryptographySecurity
Price is retesting resistance at 278 on the 4-hour timeframe.
Bearish Scenario: A rejection at 278 targets 271, followed by 268.
Invalidation: A clean reclaim of 284 invalidates the trade.
Key Technicals:
4H Structure: Trading at 278, well below the 50 EMA (298)—macro trend favors bears.
1H RSI: Sitting at 31 (oversold), so avoid chasing aggressive breakdowns; wait for the setup.
Market Context: Short-term BTC weakness provides a favorable tailwind for alt shorts.
🔴 Trade Plan (SHORT)
Entry: 277.0 – 278.0
Take Profit: 273.8 / 271.4 / 267.7
Stop Loss: 283.6
NFA · DYOR
$TAO
#IMFSaysTokenizedMarketsSmall #VitalikWarnsAICouldWeakenCryptographySecurity