This short position finally played out. That fake breakout at $TAO 's high—many were still shouting to keep going up, but I felt something was off.



What really caught my attention was the volume amplification on the upside without price being able to push higher. TAO started to face resistance around 274.6, and every subsequent pullback was suppressed. This kind of price action is not strong; it's creating illusions for the bulls. I had already noticed this level, and when the signal came out, I directly followed the short rhythm.

Now the price has hit 203.1, and this trade yields +1253.93%. The market space has been released very cleanly. If you have a heavy position, don't be too greedy here. Handling it in 80/20 batches is more comfortable—take profit on part first, and keep the rest with a protective stop to continue watching for extensions.

Many people lose because they stubbornly hold onto a direction even when the structure has changed. In short, they don't keep up with the rhythm. If you missed the entry, don't chase. Especially after a sharp drop, chasing shorts can easily get you educated by a pullback. Wait for the next opportunity, wait for a more comfortable position.

$BTC $ETH
TAO1.07%
BTC1.43%
ETH0.96%
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