Short Squeeze Alert on $TAO !
A $61.8K short position was liquidated at $617.92, as the price surges upward.
This signals strong buying pressure and shifts the market sentiment for #TAO .
•√• What’s Next for $TAO ?
• Resistance Level: $625 – A key barrier for further gains.
If broken, $650+ could be on the horizon.
• Support Zone: $600-$610 – Watch this area for potential consolidation or a pullback.
•√• Trade Strategy:
• For Longs: Look for solid pullbacks to support levels around $610 before entering.
• For Shorts: Wait for price exhaustion near resistance to safely consider entry.
Remain alert and adjust strategies based on market movements!