🔴 BINANCE FAMILY ALERT —
$TAO /USDT 🔴
📉 DOUBLE TOP REJECTION — ORDER BOOK 80% BEARS 📉
$TAO pumped to 264.95 but got rejected twice. Double top confirmed. Price at 260.15 with order book showing 80.42% asks. Path of least resistance = down to 255.65.
💰 Current Price: 260.15
📉 SHORT SETUP (Double Top):
📌 Entry: 260.00 – 261.00 on breakdown
🎯 TP1: 255.65 🚀 Arrow target / -1.7%
🎯 TP2: 253.74 🚀 Chart low / -2.5%
🎯 TP3: 250.00 🚀 Psychological / -3.9%
🛑 Stop Loss: 263.04 ⚠️ Above lower high / +1.1%
⚡ Bearish Thesis:
264.95 → 263.04 = double top. Classic reversal pattern
Order book 80% ask-side = sellers in control
-20.17% last 7 days = downtrend. This bounce = dead cat
Break 260.00 = fast move to 255.65, then 253.74
🧠 Strategy:
This is a momentum short. Sell 260.00 break, SL 263.04. Take 60% at 255.65, trail rest. If 263.04 reclaims, exit - bounce likely. No longs until 250.00 or 265.00 breaks. Don’t fight the order book.
🔴 80% asks = don’t catch knives.
BINANCE FAMILY SHORTING WEAKNESS 📉⚠️
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