I only meant to take a quick look at the order book, but the shorts went ahead and wrote the answer for me. When the market got dumped in the early session, $TAO loosened from the high point downward; the rebound had no strength, and nobody was there to catch when it tried to surge up. That kind of hard-stretching behavior is often more worth watching than a straight drop.

A few days ago, I was watching TAO at night. The price repeatedly tested above, but never formed a valid breakout. The moment selling pressure showed up, it quickly fell back. My thought process at the time was very clear: don’t chase longs—wait for it to show fatigue, then handle it in the short-seller rhythm.

Entered a long around 258.4; now it’s back at 192.8, with the short position closed for a gain of +1222.58%. This move—my timing was on point. It feels really good.

Take the big portion off the table first: close 80%, then move the remaining 20%’s protection level to around the cost basis. If it keeps dropping further, let the profit run; even if it rebounds, don’t spit out the profit you’ve already taken.

Don’t suddenly get excited and chase shorts in the middle of a selloff. The market is something you wait for; profit is something you hold. For friends who haven’t boarded yet, don’t rush—missing this leg doesn’t mean there’s no opportunity. Wait for the next clearer signal before you move.

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