The $TAO positioning is more interesting than the chart right now. The most profitable traders are still net short, while retail is heavily long and already underwater. That’s a serious imbalance. But I’m not blindly fading either side. Price still needs to confirm the setup. If $TAO squeezes shorts, we could see a violent move higher. If retail capitulates first, the downside opens up. Right now, positioning and price aren’t aligned. I’ll wait for that divergence to resolve. That’s where the real opportunity usually appears.