I noticed the big players are clearing out the sell-side liquidity before continuing the downward move. 📉

I am looking at the 1-hour chart for $TAO right now. 📊 The trend is bearish as the price is consistently forming lower highs and failing to break back above the previous breakdown level. 📉

The price recently dropped and is now consolidating near the bottom. 👀 I noticed that every attempt to bounce is getting sold off quickly, which shows that the sellers are still very much in control of this zone. 🛒

My trade plan is to sell at the current price. 🎯 I am watching for the price to drop further and hit the next major liquidity pocket below the recent lows. 💎

Trade Plan:

Entry: $270.74 🔴

Stop Loss: $280.74 🛑

Take Profit 1: $260.74 💰

Take Profit 2: $250.74 ✅

TAOUSDT

Διην.

260.31

-4.63%