This move that really came down hard was made obvious a few days ago by that high-level fake hard support. $TAO At the time it kept getting stuck above; the price looked strong, but what really caught my attention was that the rebounds were getting shorter and shorter, and pushing higher was becoming increasingly difficult. The buy-side pressure didn’t keep lifting it—instead, the sell pressure kept stacking up layer by layer.



I’m not saying this only after it dropped. I’d already noticed this level earlier. TAO repeatedly tested and pressed around 258.4, but it never managed to hold there effectively; the structure clearly changed. Many people are still waiting for it to make another run higher. What I see is that after the upper-side support breaks, can the shorts then take the opportunity to smash out more room?

Now the price is at 199.9. This short trade’s profit is already at +1092.12%, and the market’s upside/downside room has been released very decisively. Here I’ll handle it with an 80/20 approach: take most of the profit off the table first, and keep a smaller position with a protective stop to continue watching for further extension.

In plain terms, it’s about the rhythm changing. Once the profits are out, don’t get greedy and lose control. If you’re not already in the car, don’t chase the trade—wait for the next more comfortable entry.

$BTC $ETH
TAO-0.25%
BTC-0.81%
ETH0.64%
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