With this kind of move, I don’t even need to think—the account is out there partying on its own 🕺 I just sit beside it, watching the show and applauding, while also feeling lucky I didn’t impulsively close this short a few days ago.
When the dump first hit this morning,
$TAO plunged with a wick before quickly pulling back up. I took one look and thought, this isn’t right—there were strong signs of a classic long trap, with volume failing to follow and the move being driven purely by sentiment. So I went with the momentum and opened a short at 277.1.
As expected, it’s now back at 233.9, up +75