$TAO Long Liquidation Alert.

A massive $1.11K worth of TAO long positions have just been wiped out at the critical level of $450. 4

What Happened.

This liquidation event signals that bullish traders betting on $TAO price rise couldn’t defend the $449.75 support level. The result? A sharp drop in price triggered forced liquidations, as traders on margin had their positions closed automatically by exchanges.

Why Is This Significant.

1. Key Support Broken: The $449.75 level was an important support for bulls, and its breach could lead to more downward pressure.

2. Ripple Effect: This liquidation might cause a snowball effect, leading to further price drops if bulls fail to regroup.

Next Moves for $TAO Traders.

If you’re looking to capitalize on this market volatility, here’s a quick analysis:

Buy Zone: Look for potential entry points around $420–$430, where demand may kick in.

Resistance Levels: Watch out for strong resistance near $460 and $475 as the price attempts recovery.

Stop Loss: Tight stop loss recommended below $419 to manage risk.

Technical Insight:

This liquidation shows how crucial it is to manage risk effectively in high-leverage trades. The break of $449.75 signals bearish dominance, but savvy traders might find opportunities in the chaos.

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