Sellers showed up hard at a resistance level the market has already respected multiple times, and the volume behind this rejection says it wasn't passive profit-taking — size was actively distributing into the move. That's control sitting with sellers for now, not buyers failing quietly.
🗓 Daily: Bearish — daily Supertrend down, price under the 50 EMA
⏱ 4H: Support/Resistance Reaction · Bearish bias
⏳ 1H: the 1H is trading below the level with its trend down — the lower timeframe confirms the setup.
✅ Daily, 4H and 1H all point bearish.
📋 WHY IT QUALIFIES
✓ Support/Resistance Reaction structure completed
🧭 Bias: Bearish while price holds below $245.2333
⚠️ Invalidation: 4H close back above $245.2333
🔵 Support $245.2333 🟡 Resistance $253.6000
$TAO $BTC #SupportResistance
Education only, not financial advice.
🗓 Daily: Bearish — daily Supertrend down, price under the 50 EMA
⏱ 4H: Support/Resistance Reaction · Bearish bias
⏳ 1H: the 1H is trading below the level with its trend down — the lower timeframe confirms the setup.
✅ Daily, 4H and 1H all point bearish.
📋 WHY IT QUALIFIES
✓ Support/Resistance Reaction structure completed
🧭 Bias: Bearish while price holds below $245.2333
⚠️ Invalidation: 4H close back above $245.2333
🔵 Support $245.2333 🟡 Resistance $253.6000
$TAO $BTC #SupportResistance
Education only, not financial advice.
