$TAIKO โ Short Setup ๐ป๐ฉธ
Market Context ๐
TAIKO has pushed aggressively higher without a healthy corrective phase. The move looks extended, and price is now trading near a historically significant resistance area.
Reason ๐
The 0.2786โ0.3000 zone represents a major resistance cluster. After such an impulsive rally, this area typically attracts profit-taking, increasing the probability of a corrective move.
Bias ๐
Short-term bearish. A pullback is favored once price reacts to resistance and buying pressure weakens.
Strategy ๐
Short enters are planned within the resistance zone. Position sizing should remain conservative, with gradual DCA adds to refine the average entry rather than committing full size at once.
Risk Note ๐
No need to rush execution. Let price come into the level. Discipline and patience outperform aggression in extended markets.
Trade here ๐
