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It looked like it was still hard-pressed a few days ago, but today it directly finished the short-selling script! 🚀📉 This morning when I opened the order book, $TAO this round of downward pressure came down very decisively—those ramblings before bed a few days ago finally had an outcome.
When price was grinding higher during the session, I felt something was off. The TAO rebound looked lively, but the volume didn’t keep up. Once it went up, there was no one to catch it—every time it spiked higher, it got pushed back. 👀 At this kind of position, I wouldn’t chase more on the long side. Instead, I’m more willing to wait for the shorts to cash out. That’s why I opened a long around 258.4.
Now the price is at 216.5, and the return shows +780.88%🔥🎯 This bite of profit feels great—the timing is under control. Chasing the tail is easy to get hit. Good setups are waited for, not chased out.
The position adjustment is simple: first close 80%✅ and keep the remaining 20% with protection at the cost price 🛑 If it keeps dumping lower, let the profit run. Even if it rebounds back, don’t let the gains become uncomfortable.
If you didn’t catch it, don’t chase ⚠️ Wait for the next clearly defined signal—wait and watch for the next round of even more comfortable positions 📢 Market opportunities are always there; don’t let a single line throw off your mindset. $BTC $ETH