TAO has been on an absolute tear over the past week, rallying +45% in just 7 days with seven consecutive bullish daily candles.
Strong momentum but price is now approaching a major resistance zone, where a potential short setup could form.
Resistance Confluence
Price is moving into a key resistance area between:
This zone lines up with several important factors:
As many of you know, I like trading reactions around the 0.786–0.886 Fibonacci levels, where exhaustion and reversals often occur.
Potential Short Setup
The first level I’m watching is the high at:
A swing failure pattern (SFP) above this level could trigger the first short opportunity.
The most attractive entries would be higher within the zone:
At that point, I’d look for signs of weakness such as:
Targets
For this short setup, I’m targeting the following support levels:
These levels provide logical areas for profit taking if the rejection plays out.
Key Idea
If TAO shows exhaustion within this resistance cluster, it could offer a solid risk/reward short opportunity.
As always wait for confirmation, don’t front-run the trade.
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Strong momentum but price is now approaching a major resistance zone, where a potential short setup could form.
Resistance Confluence
Price is moving into a key resistance area between:
- $260 – $270
This zone lines up with several important factors:
- 0.786 Fibonacci retracement at $268.2
- Anchored VWAP at $272.4
- Overextended
As many of you know, I like trading reactions around the 0.786–0.886 Fibonacci levels, where exhaustion and reversals often occur.
Potential Short Setup
The first level I’m watching is the high at:
- $256.9
A swing failure pattern (SFP) above this level could trigger the first short opportunity.
The most attractive entries would be higher within the zone:
- $265 – $272
At that point, I’d look for signs of weakness such as:
- Rejection wicks
- Momentum slowdown
- Lower timeframe reversals
Targets
For this short setup, I’m targeting the following support levels:
- $240 → midpoint of previous trading range
- $220-219 → yearly level
- $214 → anchored VWAP support line
These levels provide logical areas for profit taking if the rejection plays out.
Key Idea
If TAO shows exhaustion within this resistance cluster, it could offer a solid risk/reward short opportunity.
As always wait for confirmation, don’t front-run the trade.
_________________________________
💬 If you found this helpful, drop a like and comment!
Nota
TAO has been trading very technically and giving great entries. For the short setup, I’d like to see a clean move below the key high at $256.9, followed by a retest.Nota
Nice resistance to support flip with a clean anchored VWAP retest. Watching the 0.886 Fib at $284.2 for the next possible short setupNota
$270 continues to act as support with another bounce. Best case, we get one more move up that clears the key high at $302.4 for the next short setup.Nota
$270 continues to hold as support. Next, I’d like to see price take out the key high, followed by a fake breakout and a quick move back down toward $260.
classic sweep of the previous day’s low, offering a low-risk long opportunity targeting the weekly open as TP.
Bullish momentum on the 15m TF remains intact.
Nota
TAO played out perfectly. Price retraced into the $250–$240 zone, delivering a clean 0.786 Fib retest in confluence with the 4H order block, followed by a strong rally that cleared the key high at $302.4 exactly the level I was watching.
That momentum pushed price straight into the $313–$309 resistance zone, offering a high-probability short entry. It even gave a second short opportunity on another attempt to break higher, but failed just before tagging the 0.886 Fib.
Fantastic play.
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🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.