$TAIKO — upside stalled hard, and the bounce is getting sold into.

SHORT $TAIKO

Entry: 0.198 – 0.205

Stop Loss: 0.212

TP1: 0.186

TP2: 0.172

TP3: 0.158

Price pushed back into a prior supply zone and failed to find acceptance. Sellers stepped in almost immediately, cutting off any follow-through on the bounce. Momentum is rolling over again, and price action reads as corrective, not a reversal.

As long as this area continues to cap price, the structure favors downside continuation rather than renewed strength.

Trade $TAIKO here 👇

TAIKOUSDT

Perp

0.1235

+11.36%