TAO Short Continuation: The Markdown Phase Has BegunTAO / TetherUS PERPETUAL CONTRACTBINANCE:TAOUSDT.PKF0xAnalysis: First of all, congratulations to everyone who followed my previous idea. We called the exact top of that engineered short squeeze, and the subsequent dump was massive. We printed pure profit while the late longs got trapped. Now, let's look at the current structure. Following that violent rejection from the macro top, TAO experienced a severe breakdown. What we are witnessing right now is a textbook relief rally. This is a "dead cat bounce" designed to retest the descending trendline resistance (blue diagonal) and the horizontal supply zone before the next major leg down. In technical terms, we are forming a massive Lower High (LH). The bullish momentum is completely exhausted, and the overarching macro structure has officially shifted from distribution to the markdown phase. The Trade Setup: We are reloading our shorts here at resistance. The setup offers another excellent Risk/Reward ratio as we trade the continuation of the newly established downtrend. Direction: SHORT Stop Loss: 302.58 (Placed safely above the recent wick and the descending resistance. A break above this invalidates the immediate bearish continuation). Target: 191.84 (Targeting the deep structural support and liquidity pools at the bottom of the macro channel). Technical Note: Do not be fooled by this green relief candle. The market makers are simply pulling the price back up to a premium level to fill their remaining short orders. Once this local resistance zone holds, gravity will take over again. The ultimate destination for this asset is a full mean reversion back below the 200 level. Trust the structure. Trade safe.