$TAO's drop here is more decisive than many thought.

Short position entered at 270.4, now at 214.7, paper profit +992.01%.

What I looked at initially was not how much it could drop, but the strong support feeling at the high was too obvious.

It seems to be still consolidating, but the buying volume can't keep up.

This is the easiest time to deceive. People see it hasn't broken down and think there's still an opportunity to go up.

But after watching the market for a long time, you know that price not dropping doesn't mean strength; not being able to break upwards is the real problem.

There wasn't much complicated operation in this short trade, just waited for it to show its weakness on its own.

Now the result is out, the rhythm has been realized reasonably well.

Position handled according to plan, 80% has taken profit, 80% continues to hold to see extension.

Stop loss not set too far, once profits are secured, can't let it slide.

If it continues to weaken later, let the remaining position run; if the bounce becomes strong, just close it.

If you missed it, don't chase. The market doesn't only have this one move.

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