Don't be fooled by the false rally of $TAO —whale manipulations, as the critical 270 level is playing out a life-and-death race.

Today's rebound appears dazzling on the surface, but is full of intrigue underneath. A close look at the chip distribution between whales and smart money sends a chill up my spine, causing me to hurriedly withdraw my hands from entering the market.
First, whale manipulations. 161 long whales have an average cost anchored at 269 USDT, which has now become the watershed of profit and loss. Every upward move increases the urge to escape from losses. The 270 level is not support but a guillotine where whales are slaughtering each other.
Second, illusion of trap longs. Smart money is going against the consensus, adding 33 million USD in short positions around 248. This rally seems more like a carefully crafted short squeeze trap designed to wipe out retail short sellers. Once the chasing traders fall into the trap, they may be slaughtered in reverse.
Third, capital divergence. Retail investors rush in eagerly, while whales are reversing and switching hands. Such market conditions are prone to forming a "V" shape, harvesting the exuberant traders at the peak.
We must not let the falling blades cut us here. Quietly set up short traps in the 270 to 273.5 range, waiting for the price to hit the long profit and loss line, then strike back. The first target is to look back at 248; if 245 breaks down, the space below will open up vast. $TAO ‌#Gate广场五月交易分享