This TAO rebound is just the market handing retail traders a noose—the spot market saw net outflows of 66,000 tokens over 3 hours, and all 5 large-order bars were negative. Money is fleeing. Leveraged borrowing surged 47.88% in 12 hours, with a bunch of people borrowing coins to catch a falling knife. The funding rate is still negative; even the bulls can’t be bothered to pretend otherwise. Don’t buy the dip. Short at 274, with a first target of 263 and a second target of 254. Set your stop at 286 before entering. The market makers are turning this rebound into a graveyard—don’t be the one who buries yourself.