$TAO Long Liquidation Alert
Liquidation Amount: $73.5K
Price Level: $683.77
A substantial long position in $TAO was liquidated at $683.77, signaling growing bearish sentiment.
The market could face further declines if selling pressure continues.
What’s Next for $TAO ?
• Resistance to Overcome: $690 and $700 could act as strong resistance levels in any attempted recovery.
• Support Levels: Watch for potential bounce zones around $670 and $660.
Strategy:
Cautious traders may want to wait for confirmation of price action at support before entering long positions.
Alternatively, short traders could take advantage of any resistance retests.
Keep an eye on the price action and adjust risk management accordingly!
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