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$TAO /USDT: The High-Cap Downtrend Continues! 💎
Following up on my previous analysis—the Short position on TAO is printing profits as expected! We entered at 197.96, and we are already seeing the price slide down to 189.94. That's a clean +21.11% ROI so far.
🔍 Why the Bearish Bias?
TAO is a high-market-cap asset, but currently, it's caught in a wave of high speculation with low circulation. These types of setups often lead to a "bleed out" phase after a parabolic move.
The Setup: Large positions work best here for the long term because the volatility is manageable.
Risk Management: My liquidation is set way up at 3,111.45, giving this trade massive breathing room to reach lower targets.
Volume Analysis: The recent volume spike confirms that the sellers are in control, and the "hype" is slowly fading.
💡 My Execution:
If you missed the entry at 200 yesterday, the current market price is still offering a decent opportunity to ride the slide. We are looking for a continuous decline as the market resets.
Are you holding through this correction, or are you still trying to long the hype? Let’s talk numbers in the comments! 👇
#TAO #Bittensor #CryptoShort #BinanceSquare #TradingStrategy click here to Trade 👇👇👇