🚨 $TAO /USDT – Heavy Selling Pressure! 🚨
$TAO is showing clear signs of exhaustion and bearish structure. After failing to reclaim the $240–$250 resistance zone, momentum has shifted decisively to the bears. With high selling volume and a breakdown below recent support, the path of least resistance is currently down.
📉 Short Setup (Momentum Play)
* Entry Zone: Current Market Price ($229 – $234) 🟩
* Targets:
* 🎯 T1: 226 (Local support)
* 🎯 T2: 220 (Major psychological & liquidity level)
* Stop Loss: 237 (Above recent hourly high) 🛑
🔍 Market Analysis
* Technical Structure: $TAO is printing lower highs and lower lows on the 4H timeframe.
* Support Test: If the $229 level cracks, we expect a fast move toward the $220 "liquidity pocket."
* Sentiment: The AI narrative is cooling off temporarily, and TAO is underperforming compared to BTC/ETH today. 📉
⚠️ Risk Management
The market is volatile. Do not over-leverage. If price reclaims and holds above 238, the bearish thesis is invalidated. 🛡️
