$TAO /USDT Short Term Update 📊
TAO is trading near 194.2 after a strong impulsive rally from the 153 zone. Price just tapped the 195 resistance area, which is also the recent intraday high. Momentum is stretched on lower time frames and volume spiked into the top, so a short term pullback is possible before any further upside.
🔹 Short Setup
Entry: 193.5 to 196.0
SL: 201.5
TP1: 188.5
TP2: 182.0
TP3: 175.0
Price is now testing a key supply zone around 195 to 200 where sellers can step in. The sharp vertical move suggests late buyers entered near the top. If rejection confirms in this zone, we could see a retrace toward the 189 support and possibly deeper into the 180 liquidity pocket. Volume expansion near the high looks more like profit taking than fresh accumulation, which supports a short term bearish view.
Invalidation: If price closes strong above 201.5, this setup becomes invalid.
Risk only what you can afford to lose.
Trade $TAO here 👇