$TAO

¡Long liquidation collapsed!

TAO long liquidated:

Amount: $90,900

Liquidation price: $691.91

The bulls of TAO felt the sting as $90.9K in long positions were annihilated at $691.91!

This sharp decline highlights a powerful wave of bearish pressure, surprising over-leveraged traders.

The liquidation marks a significant shift in momentum, leaving the market wondering if $TAO can recover or if there are more drops on the horizon.

→ Why did this happen?

1. Failed breakout:

TAO struggled to maintain its bullish momentum, triggering cascading liquidations.

2. Bearish reversal:

Sellers capitalized on weak long positions to drive prices down.

3. Market volatility:

High leverage combined with rapid price movement created a perfect storm.

→ Current value analysis

If above $691.91: A recovery attempt could target $700, but bulls need strong volume.

If below $691.91: Expect more drops towards $680 or $670 as bears tighten their grip.

What’s next for $TAO?

1. For the bulls: Watch for consolidation near $690 and attempt a rebound above $700.

2. For the bears: Aim for $680 or lower if the bearish momentum continues.

→ Key movement:

Stay cautious: Sudden movements in TAO demand precise strategies!

Are you planning to buy the dip or take advantage of the downward trend? Share your approach!