$TAO Put simply, the market is distributing. Prices are still hovering around 307, but the aggressive buy orders can’t keep up anymore— the distribution signal is right there. Any attempt to push higher is just selling. The fee rate is ridiculously low; there’s no enthusiasm in the long positions—so why would it keep rising? A bounce is just an opportunity for you to exit. Enter a short at 306.9, with the first target at 292.75 and the second target at 282.5, and a stop loss at 320.5. Don’t fight the trend— the trend has already turned.