This short position has very strong “trade” vibes. It wasn’t that there was no volatility at the start—there was, but it kept tempting people into chasing longs. The longer the price stayed in sideways consolidation at the high end, the more I felt this wasn’t simple. Especially after several upward pushes failed to effectively hold, the chart has started to show cracks.

$TAO shorted from 277.1, now at 204.8, profit +1256.52%. What really got my attention is that after the pullback, the rebound strength was weak, indicating there wasn’t continuous follow-through above. Once the price breaks below a key level, the room for volatility opens up quickly.

A lot of people got tricked by that mid-way bounce, thinking it was going to pump again—only for it to extend straight downward afterward. That’s just how trading works: comfortable entries aren’t chased out; they’re waited for. Once the direction is confirmed, execution actually makes sense.

Now the profits are already substantial. Handling it in an 80/20 batch approach is more convenient. The remaining position should have a protective stop—don’t hand the initiative back to the market. If you miss it, then miss it. Don’t chase the rebound. Don’t rush to re-enter—wait for the next opportunity.

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