Major Liquidation Alert: $TAO Faces Long Wipeout!
A shocking $2,227.2 worth of TAO longs were liquidated as the price plunged to $445.44. Traders betting on a bullish reversal were caught off guard as the market showed no mercy.
Breakdown of Events
1. Market Volatility: Sudden bearish momentum crushed leveraged long positions.
2. Critical Level Breach: Support at $450 failed, triggering a cascade of liquidations.
Key Levels to Watch
Immediate Support: Eyes on $430—a key level to halt further bleeding.
Resistance: Bulls need to break past $460 to regain control.
Market Outlook
Will this liquidation mark the bottom, or is the storm far from over? High-risk traders might see this as a chance to ride the volatility. But caution is paramount—TAO is playing a high-stakes game!