$TAO Shorts Liquidated!
A $6.02K short position on YAO was liquidated at $474.73, highlighting renewed bullish momentum.
This liquidation signals buyers overpowering sellers, driving prices higher and forcing shorts to cover their positions.
Key Insights:
Bullish Surge: The short liquidation reflects strong buying pressure, suggesting potential for further upside if momentum sustains.
Price Action Dynamics: The liquidation may attract more buyers, pushing $TAO closer to its resistance levels.
TAO Technical Breakdown:
Resistance Level: $490.00
Support Zone: $460.00
Momentum: Bullish, with potential continuation if volume increases
Will $TAO capitalize on this bullish breakout, or will it face resistance near the $490 zone? Watch for follow-through buying and market sentiment!