A few days ago, the afternoon market looked like it was giving the bulls some face. By night, it turned around directly. While others were running, I kept an eye on $TAO and noticed that every rebound lacked follow-through: when the price went up, nobody stepped in to buy, while sell pressure kept pressing down layer by layer. This kind of heavy pressure at high levels makes the short-entry window even clearer.



So I executed a long position around 258.4. Now the price has fallen to 191.6, and the floating result is +1244.95%. The realization this time was quite clean and decisive.

Positions can’t be managed only for the thrill—first close 80%, keep the remaining 20% for the trend, and move the protection level to around the cost basis. If it continues to drop, keep holding; if it rebounds back to the protection level, I won’t let profits turn into regret.

Being out of the market isn’t a crime—opening trades randomly is the mistake. It’s better to miss a move than to chase a falling knife in a sudden sell-off. There will be opportunities. Don’t rush—wait until the next structure becomes clear before acting.

$BTC $ETH
TAO-0.21%
BTC-1.68%
ETH-0.73%
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