$TAO Short Squeeze!
Short sale centers were wiped out for $3.9 thousand at $453.9 - the bulls are waking up!
Bears tried to pressure $TAO hard - but the market had other plans. A sharp short squeeze of $3.9065 thousand at $453.9 revived new momentum. When short positions are burned, the price fluctuates!
Current trends:
This squeeze indicates increasing short selling pressure. If the price maintains the squeeze level, we may witness a strong continuation to the upside.
$TAO Price Analysis and Setup
Buy Zone (Entry):
$440 - $455
(Expected retest after the rise resulting from the squeeze. Excellent area for risk-to-reward ratio.)
Targets:
1. $482 - Minor resistance. Short-term profit area.
2. $510 - Major breakout level.
3. $545 - Potential pressure extension if momentum continues.
Stop Loss:
$425 (below the main support level and invalidating the bullish setup).
Importance of this:
Short position liquidation = Momentum shift
Strong base forming around $440-$450
High probability of continuation if the market maintains its sentiment
Let the Tao speculators dance - and let the short sellers learn
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