$TAO IS BREAKING DOWN AFTER FAILING TO HOLD THE 227 SUPPORT LEVEL 📉

Entry: 228.06 🔥

Target: 216.22 🚀

Target: 204.84 🚀

Stop Loss: 234.43 ⚠️

The price action on $TAO has shifted as it finally cracked the 227 support zone. On-chain data has been showing signs of distribution for a while now, and the lack of real ecosystem momentum is starting to weigh heavily on the chart.

When the structure turns this bearish, the path of least resistance is clearly lower. I am looking to capitalize on this breakdown while the sellers remain in control. Do you think we see a bounce at the first target or a clean slide to the lows?

Not financial advice. Always manage your risk.

#TAO #ShortSetup #Crypto #Trading #Breakdown

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