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Just now this dump, many people probably haven’t reacted yet. After $TAO spent so long grinding at the high, the more it grind, the more dangerous it becomes. On the surface it looks like sideways consolidation building up energy, but in reality the bulls can’t break through, while the shorts have been waiting for a crack.
I opened the short around 274.6. When the price dropped to 213.9, the return shown in my account was already +1066.27%. The most satisfying part of this move isn’t just making money—it’s the direction being confirmed very cleanly. All the hesitation and noise from earlier got wiped out with a single downward kill.
At the time, what I was watching was the acceptance after a pullback. But every time it rallied, it couldn’t stand firm. Something was already off here. A lot of people like to find reasons to go long at the high, but trading isn’t about comforting yourself. When the rhythm changes, you have to admit it.
Now that the profit has been released, don’t get carried away. You can take back the main gains in batches, and use the remaining position with a protective level in place to hold the line—give it a bit of room to extend. If you didn’t get on the train, don’t feel regret. What’s worst is emotionally chasing a short. Wait for a more comfortable spot, and make your move next time.
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