That drop just now, the rhythm came out very decisively.

After shorting $TAO from 270.4, I kept watching the rebound strength, but it just got weaker and weaker, never really lifting the price.

Now it's down to 212.4, and this trade's profit is +1032.97%.

Many people think that a sideways consolidation means it's about to go up, but what I fear more is that as it consolidates, no one steps in to buy, and then one final candle smashes through expectations.

The market is just that realistic.

I'm not being greedy here—I took profit on 80% of the short positions first, and kept the remaining 80%.

I've also moved up the trailing stop to lock in profits first, then we can talk about further room to the downside.

The most comfortable part of this kind of trade is that once the direction is confirmed, you don't have to keep second-guessing yourself, as long as you don't get shaken out by a small counter-rally.

But now it's not a good spot to chase.

If you missed it, just wait. Wait for the next rebound to show resistance.

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