#TAOUSDT โ€“ Fast Trade, Monitoring Price Action

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๐Ÿ“‰ SHORT TAOUSDT.P from $340.00
๐Ÿ›ก Stop Loss: $354.55

โฑ 1H Timeframe

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

๐ŸŽฏ TP Targets:
๐Ÿ’Ž TP 1: $334.00
๐Ÿ”ฅ TP 2: $328.00
โšก TP 3: $321.00

๐Ÿ“ข This is a fast trade โ€“ it's crucial to monitor the coin's behavior and quickly adjust take-profits.
๐Ÿ“ข A close below $340.00 would confirm further downside movement.
๐Ÿ“ข POC at $363.85 is a key volume area where sellers are in control.
๐Ÿ“ข Increasing volume on the drop supports the bearish outlook.
๐Ÿ“ข Taking partial profits at TP1 ($334.00) is a smart risk-management strategy.

๐Ÿšจ TAOUSDT.P remains in a downtrend โ€“ monitoring for confirmation and securing profits at TP levels!

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