🔥 SHORT FURY ENGAGED: $TAO 🔥
💣 Position: Short
📉 Size: $7,092.60
🎯 Entry Price: $394.32
Welcome to the war zone, where gravity still works. Time to ride this overextended giant back down to reality. 💥
🧵 Here's why I'm shorting TAO like a sniper:
1️⃣ Parabolic Exhaustion Detected
$TAO went vertical — but what goes parabolic without strong volume support... corrects violently.
📉 Bearish divergence on RSI
💀 MACD flipping
🕯️ Shooting star + rising wedge breakdown confirmed
2️⃣ Liquidity Vacuum Below
Once TAO breaks key support (~$382), there's an air pocket down to $350 or lower.
🧊 No major buy walls until then. Let it freefall.
3️⃣ Narrative Is Overcooked
AI hype is 🔥 — but $TAO’s fundamentals are priced like it’s curing cancer with code.
🚨 Overvaluation alert
🐂 Retail got trapped at the top — and now they’ll panic sell.
4️⃣ Whales Are Offloading
On-chain tells a tale:
🔍 Exchange inflows spiking
🔄 Big wallets distributing
📊 Smart money hedging
🎯 Target Zones:
TP1: $365 ✅
TP2: $337 🚨
TP3: $298 (If market nukes) ☢️
🛡️ Risk Management:
SL: $412 (tight enough to avoid whipsaws, wide enough for volatility)
🧠 This is not a hate play — it’s a high-probability correction in an overbought narrative.
While others are still drinking hopium...
I'm already at the profit bar.
#TradingStrategyMistakes #ArbitrageTradingStrategy #StrategyBTCPurchase #MemecoinSentiment