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Boom! This drop must have sobered up those who chased the price a few days ago 🚨📉
A few days ago, early in the morning, I was watching $TAO. The chart was still pretending to be strong at highs, but upon closer inspection, it didn't look right: volume couldn't keep up, the bounces were getting weaker, and the overhead resistance kept pressing down. I judged at the time that this wasn't strength; it was way too heavy with bullish trap vibes.
While everyone was still waiting and watching, I saw TAO getting rejected every time it tried to rally upward; the support wasn't firm enough, so I opened a long position near 258.4.
That's the rhythm. 👀
Now the price has come to 211.3, with a PnL of +874.07%. This short meat is truly satisfying 🎯💰
It was frustrating before, but once it played out, it was really good.
In terms of operations, don't be greedy. First, close 80% and put the bulk in the pocket ✅🔥. Keep the remaining 20% as cost protection. If it continues to drop, let the profits run; if it bounces back, don't give back the profits.
If you missed it, don't chase. Chasing can easily mess up your mindset ⚠️. Wait for the next clear signal, wait for a pullback confirmation, then look again. The market doesn't lack opportunities; it lacks patience 🔔
$BTC $ETH