📡 TAO: Repeat salvo. Battle for the fairway $270–$293
My friends! The market is not a straight line, but a constant struggle of currents. Yesterday we planned a short from $289 with targets at $246. A pullback occurred, but the 'bulls' set up defense earlier than expected.
🔭 Situation analysis: Why didn't we 'fall like a stone'?
The new support level is $270. I fixed my first short at $275, but I've already set new orders from $289.
Why is the price resisting?
The answer lies in crowd psychology: too many players are opening short positions at the same time. This creates 'fuel' for local upward squeezes. However, look at the MACD indicator (vertical lines on my chart):
We see a clear divergence. Each new price peak is accompanied by a weaker impulse on the oscillator. This means that the strength of buyers is fading, despite visual stability.
🗺 Action plan in the channel:
Right now we are squeezed in the channel $293 — $270.
Tactics: Short the upper edge.
Risk management: Reduce risk to 1-2% per trade. This is critical! If shorts are 'squeezed' by an upward impulse, we must preserve capital to redirect the sails.
Breakout: If we break $293$ on strong volume — prepare for a new peak and look for an entry point above.
My conclusion: The overall strategy remains unchanged — we are waiting for a full consolidation significantly below current levels to enter long. As long as we are in the channel — we operate from the edges.
And how do you act in such a flat? Do you short from resistance or wait for the exit from the channel? Share your thoughts! 👇
$TAO
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