TAO shows a short setup opportunity based on current price action. Entry point sits around 280.54, with a protective stop loss positioned at 287.68 to manage downside risk. The target for this trade is 258.81, offering a favorable risk-reward ratio. Traders monitoring TAO should watch these key levels closely—the space between entry and stop provides the margin for position management, while the move to 258.81 represents the anticipated profit zone if the bearish thesis plays out.
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LonelyAnchorman
· 15h ago
The 280 level is indeed interesting, but it's a bit early for the bears to step in now. We need to wait for a rebound confirmation before taking action.
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ETHmaxi_NoFilter
· 15h ago
Over 280 shorts? It's not a dream that this wave could drop to 258. The risk-reward ratio is indeed quite good... However, TAO has been a bit strange lately. Maybe we'll see another reverse dump.
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MeltdownSurvivalist
· 15h ago
Over 280, is it a bottom or a bearish trend? These numbers look a bit shaky... Why does the risk-reward ratio seem so attractive?
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ShadowStaker
· 15h ago
ngl the risk/reward here looks tight if we're being honest... 280.54 entry with 287.68 sl means what, like 2.6% downside buffer? that's not really giving much room for validator attrition patterns or sudden network topology shifts we've seen before tbh
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GateUser-3824aa38
· 15h ago
Tao's point level is indeed interesting. Coming down to around 280, the risk-reward ratio feels quite good... I'm just worried about a rebound hitting the stop-loss. There haven't been any major market movements lately.
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NFTRegretful
· 16h ago
Over 280 shorts? You can give it a try, just worried about breaking the level and getting caught off guard.
TAO shows a short setup opportunity based on current price action. Entry point sits around 280.54, with a protective stop loss positioned at 287.68 to manage downside risk. The target for this trade is 258.81, offering a favorable risk-reward ratio. Traders monitoring TAO should watch these key levels closely—the space between entry and stop provides the margin for position management, while the move to 258.81 represents the anticipated profit zone if the bearish thesis plays out.