Incredible! After pretending to be strong at the high for a while, it finally got pushed down by the bears 📉🚨


A few days ago, the last look before bed at $TAO, it was still oscillating near the top, looking like it would break out, but the details were all problematic: low-volume rally, insufficient support, no buyers when it went up.
Before opening the screen this morning, I remembered that structure from a few days ago 👀
A bounce is possible, but if the bounce has no volume and doesn't break resistance, it can easily become a bull trap. My judgment at the time was straightforward: don't chase the red, wait until it can't push further, TAO near 258.4, then go long.
Now from 258.4 to 203.8, profit +1017.57% 🔥🎉
This wave was worth the wait; those on board should understand.
When making money, the worst is suddenly getting carried away.
Good positions come from waiting, not chasing.
First close 80% of the position, take the bulk profit ✅💰 The remaining 20% protected by cost price, if it continues to drop, let the profit run, don't be greedy for the last bite.
If you missed it, don't chase ⚠️ Chasing in will easily mess up your mindset, wait for the next clear signal, wait for a new structure to appear 🔔
$BTC $ETH
TAO-3.59%
BTC-2.13%
ETH-2.03%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned