#TAOUSDT – Fast Trade, Monitoring Price Action

218
📉 SHORT TAOUSDT.P from $340.00
🛡 Stop Loss: $354.55

⏱ 1H Timeframe

⚡ Trade Plan:
✅ The TAOUSDT.P price is forming a downtrend after breaking a Falling Wedge pattern.
✅ The asset is trading below POC (Point of Control) at $363.85, confirming seller dominance. ✅ After forming a double bottom (Bottom 1 & Bottom 2), the price tested resistance but failed to hold above it.

🎯 TP Targets:
💎 TP 1: $334.00
🔥 TP 2: $328.00
⚡ TP 3: $321.00

📢 This is a fast trade – it's crucial to monitor the coin's behavior and quickly adjust take-profits.
📢 A close below $340.00 would confirm further downside movement.
📢 POC at $363.85 is a key volume area where sellers are in control.
📢 Increasing volume on the drop supports the bearish outlook.
📢 Taking partial profits at TP1 ($334.00) is a smart risk-management strategy.

🚨 TAOUSDT.P remains in a downtrend – monitoring for confirmation and securing profits at TP levels!

Penafian

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