$TAO Liquidation Alert:
Long positions worth $130K were liquidated at $513.84. Here's the breakdown:
Key Highlights:
Significant Sell-off: $TAO reached $514.84, triggering a massive liquidation of $130K in long positions.
Bearish Pressure: This sharp decline suggests increasing selling pressure and potential market reversal.
Volatility Spike: The liquidation could signal more turbulence ahead, with traders wary of further downward movements.
Next Move:
Short-Term Strategy: Watch $500 for key support. If this level breaks, we could see further declines.
Risk Management: Tighten stop-loss orders and observe for any bounce or stabilization around $515.
Stay cautious and ready for market shifts!
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