That sell-off just now was very clean. $TAO had been acting strong for so long, but in the end it still couldn’t hold the key level. During the session, many people were still waiting for a rebound to continue, but what I was looking at was whether there’s follow-through after the rebound. The more I watched, the more it felt shaky—the structure clearly changed.

I already paid attention to this area earlier. When TAO approached 258.4, several tests above it couldn’t hold. Especially after the spike, the pullback happened very quickly, which shows that the bulls did want to do it—but couldn’t keep it going. The key is right here: once the high range can’t hold, the downside room is likely to open up easily.

Now the price is at 191.3. On the short side, the move has already realized +1252.4%, and the extension of the trend is obvious. I won’t get too greedy with the profits. I’ll take the bulk off first, and then lock in the gains with protection on the remaining position. If it can keep running, let it run; if it can’t, I won’t linger.

If you missed it, don’t chase. The market gives opportunities every day—wait for the next position with higher certainty.

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