Massive Long Liquidation on $TAO
A shocking $36.74K long position got liquidated at $453.83, highlighting a sharp reversal in momentum.
The bulls have lost control—watch out for more downside if selling pressure continues.
Key Levels to Watch:
• Support: $440 - $445
• Resistance: $455 - $460
Next Move for Traders:
• Buy Entry: $445 - $448 (On pullback to support)
Target: $455 - $460
Stop Loss: $440
• Sell Entry: $455 - $457 (If rejection occurs at resistance)
Target: $448 - $440
Stop Loss: $462
$TAO is in a critical zone. A strong rejection could mean further drops.
However, a bounce at support could lead to a recovery.
Keep your eyes on these levels!
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