I just wanted to take a quick look at the order book, but that glance directly made the shorts laugh. In the early session, when $TAO was dumped from the high, it loosened downwards; the rebound didn’t last. Bids softened as soon as they came in, while sell pressure kept pressing down layer by layer. Everyone is still waiting for it to surge back up again, but I feel this looks more like a pullback window after insufficient follow-through.



Watching TAO during the day: the price executed a long around 258.4. What I saw wasn’t blindly chasing shorts—rather, the overhead suppression hadn’t eased, volume didn’t keep up, and every bounce back didn’t have that last “bite.” Now the price is at 190.1, and the floating profit shows +1274.76%—this short timing has been cashed out.

First close 80%. For the remaining 20%, move the protection level to around the cost basis. If it keeps dropping further, let the profits run. Even if it bounces back, don’t spit out what you’ve already taken.

Being out of a short position isn’t a crime; opening trades randomly is the mistake. Take profits first, then talk about the next step. If you haven’t gotten in yet, don’t rush to chase—wait for the next round of signals. The market has plenty of opportunities; what it lacks is patience.

$BTC $ETH
TAO-2.06%
BTC-1.84%
ETH-1.65%
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