$TAO Short Liquidation: $18.85K at $526.61

What Happened?

A short position worth $18.85K on TAO was liquidated at $526.61.

This indicates strong bullish momentum, forcing short sellers to close with losses.

What’s Next?

1. Price Outlook:

If TAO holds above $526.50, the next resistance could be $535.

A rejection might pull the price down to $520 support.

2. Market Sentiment:

The short liquidation shows increased buying pressure.

Bulls are in control, but caution is advised near resistance levels.

3. Key Indicators to Watch:

Volume: Strong buying volume confirms upward momentum.

RSI: Overbought levels could signal a potential correction.

4. Trading Strategy:

Long Strategy: Look for entries above $527 for a move to $535 or higher.

Short Strategy: Consider shorting only if TAO dips below $520.

Why It Matters:

Short liquidations can drive prices higher quickly, offering chances for profit in a bullish trend.

Stay focused—TAO is showing signs of strength!

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