Take my words, friends, the bears are taking over completely. What we are seeing is a typical weak structure. The price has encountered strong resistance from the EMA moving average after several attempts to rebound, and the trading volume for each rebound has been shrinking, showing the exhaustion of bullish momentum. Look at the recent large bearish candle; it was accompanied by significantly increased selling volume, confirming the continuation of the downtrend. The momentum indicators RSI and MACD are both pointing to an extremely pessimistic area, with no signs of reversal. This is a textbook breakdown. At this stage, discipline and patience are key to profiting.
Clear execution plan:
Entry: 213.5 - 215
Target 1: 211
Target 2: 208
Target 3: 205
Stop loss: 219
TAOUSDT
Perp
222.17
+5.86%