$TAO Long Liquidation

A major long position worth $7.8645K was liquidated at $566.24,

signaling bearish dominance as TAO faces downward pressure.

What Does It Mean?

Long liquidation happens when traders betting on a price increase are forced out as the price declines.

This reflects strong selling pressure overpowering buyers.

What’s Next?

1. Possible Downtrend:

TAO might drop further if it fails to hold key support near $565.

Next support level to watch is around $550.

2. Market Sentiment:

Bearish momentum could lead to more liquidations if selling continues.

Look out for potential recovery signs or news-driven events.

3. Key Actions for You:

Avoid entering long positions until the trend stabilizes.

Monitor the $550 level as a potential bounce zone.

Use tight stop-losses in this volatile phase.

TAO is under pressure—stay cautious and adapt to the market’s direction!

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