Yello Paradisers, is this the calm before a major move down on TAOUSDT? The current setup is raising multiple red flags, and ignoring them could be a costly mistake.
💎TAOUSDT has formed an ascending channel, but what's critical to note is the bearish divergence on the MACD histogram, aligning perfectly with the previous support-turned-resistance zone. This combination of technical signals often precedes a breakdown, increasing the probability of a bearish move from current levels.
💎If the price pulls back slightly and prints a bearish candlestick pattern near this resistance zone, that would signal a high-probability short opportunity. The confluence of structure and momentum weakness offers a favorable risk-to-reward setup for traders who remain patient and disciplined.
💎However, if TAOUSDT breaks out and closes decisively above the invalidation level, the bearish outlook would no longer be valid. In that case, the best move is to step aside and wait for a stronger, more reliable setup to form before jumping back in.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. The market rewards patience, discipline, and strategy—never emotion.
MyCryptoParadise
iFeel the success🌴
💎TAOUSDT has formed an ascending channel, but what's critical to note is the bearish divergence on the MACD histogram, aligning perfectly with the previous support-turned-resistance zone. This combination of technical signals often precedes a breakdown, increasing the probability of a bearish move from current levels.
💎If the price pulls back slightly and prints a bearish candlestick pattern near this resistance zone, that would signal a high-probability short opportunity. The confluence of structure and momentum weakness offers a favorable risk-to-reward setup for traders who remain patient and disciplined.
💎However, if TAOUSDT breaks out and closes decisively above the invalidation level, the bearish outlook would no longer be valid. In that case, the best move is to step aside and wait for a stronger, more reliable setup to form before jumping back in.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. The market rewards patience, discipline, and strategy—never emotion.
MyCryptoParadise
iFeel the success🌴
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.