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$TAO has just seen $5.28K in short liquidations at $515.8, shaking up the market. This liquidation signals a potential shift in price, and traders should be ready for an exciting move ahead!

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📊 Key Levels to Watch for $TAO

Buy Zone: $490 - $505 (Strong support area for potential bounce)

Stop Loss: $485 (Below key support to manage risk)

Targets:

Target 1: $530 (Immediate resistance for short-term upside)

Target 2: $550 (Next key resistance level for further bullish momentum)

Target 3: $575 (Breakout zone for a strong rally continuation)

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📌 What Could Happen Next?

1. Scenario 1: If $TAO holds the $490 - $505 support, buyers could drive the price towards $530 and $550 in the short term.

2. Scenario 2: If $TAO breaks below $485, expect a potential retracement toward $470 or lower as selling pressure takes over.

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⚡ Pro Tips for Trading $TAO:

Patience: Wait for a clear confirmation before entering, such as a bounce from support or a break above resistance.

Risk Management: Stick to your stop-loss strategy to protect your capital in volatile market conditions.

Volume Check: Watch for an increase in volume to confirm strong price action when the market breaks key levels.

💬 Your Move? Will continue its rally or face a pullback? Let me know your strategy below!

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