TAOUSDT – Rejection at 340 ResistanceTAO / TetherUSBINANCE:TAOUSDTs0ckchanhkuteDescription: TAO has rallied hard from the 190 base, but price is now reacting at the 335–340 resistance zone, the same area that capped the previous swing high. After a steep run, price is stretched far above EMA50 (249) and the move looks overextended. Trade setup (Short): Entry: 339.4 Stop Loss: 362.8 (+6.9%) Take Profit: 213.3 (-37.2%) Risk/Reward: 5.39 Why short here: Price is retesting a major horizontal resistance from the prior high The pump is overextended, with a large gap between price and EMA50 The target sits at the prior breakout base near EMA50 / the 213 support Invalidation: a daily close above 363 cancels the idea, since it would mean a breakout to new highs. The trend is still bullish short-term (price above EMA10), so this is a counter-trend trade. Keep position size small and respect the stop.