1. Current recommendation: Short TAO. Prices remain trapped within a descending channel. Recent rebounds have only returned to the equilibrium range and failed to break through channel resistance, indicating a bearish market and continued downside risk. It is clearly stated that this is consolidation rather than a strong rebound, suggesting that short-term rebounds are merely "exit windows," and it is not advisable to easily long or tentatively establish positions. 2. Position and Risk Management Recommendations: We suggest short with a small position to avoid chasing highs with a large position. Maintain a cautious approach and wait for confirmation of a breakout above the lower channel line before adding to the position. The stop-loss order should be placed above the channel resistance to avoid being caught in a false breakout. There is no specific timeframe; focus on whether the price can effectively break through the structure. 3. This trading style strategy is suitable for aggressive short-term and trend-following traders, emphasizing "quick in and quick out" and avoiding prolonged positions. Currently, there are no clear catalysts; operations should be based on technical structure analysis. Be wary of the risk of false breakouts during consolidation periods. Conservative traders are advised to wait for a clear trend signal.
TAO: Summary of Binance Killers Community Discussion (15:00:09 ~ 16:00:09)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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