That hit was brutal enough, but for me it wasn’t a surprise—the fake breakout before $TAO already exposed the problem.

Back then, when the price surged to around 277.1, it looked strong on the surface, but the order book support was actually weak. Nobody was there to take it when they pushed it up, and the pullback came quickly. A lot of people got swept along by that upward spike, thinking it would keep going higher. I, on the other hand, was more focused on whether it could hold—turns out it didn’t.

Now it’s at 202.3, with the short position up about 1301.7% in unrealized profit, and the room for volatility has opened up very directly. This isn’t something you can do just by chasing a decline; it’s about seeing that the high-level bull trap failed, then waiting for confirmation before following.

For position management, I’m more conservative. When profits come out, I take some off first—80% booked, 20% left for the trend. The stop is placed above the key level for a rebound. The biggest risk in shorting is greed—after a sharp drop, a rebound can throw your mindset off.

If you didn’t get in, don’t rush to chase—especially in this kind of continuous lower probing. Wait for the rebound to give you a level, then wait for the next chance. Don’t chase the order.

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