$TAO Just Ignited the Fire – Shorts Got Trapped at $401.0
A massive short liquidation worth $29.755K at $401.0 has just been triggered. This isn't just a number—it's a signal. The bears tried to suppress the price, but the tables are turning fast. Momentum is shifting, and $TAO looks ready for a breakout.
Technical Analysis & Trade Setup
Buy Zone:
$395 – $405
This zone has shown strong liquidity sweep and reversal potential. Price bounced aggressively post-liquidation, indicating buyer strength stepping in.
Entry Idea:
Watch for consolidation or a retest of $401. Enter on a confirmed hold above this level with decent volume.
Targets:
Target 1: $429 – Local resistance and minor supply zone
Target 2: $456 – Psychological level and prior high
Target 3: $488 – Extension based on recent impulsive leg
Stop Loss:
Below $386 – This level invalidates the bullish momentum and reopens room for downside. Place a tight SL if entering aggressively.
Why This Move Matters
This short liquidation signals a potential short squeeze, with trapped bears forced to buy back into strength. $TAO has built a strong base and is now climbing with volume. If bulls hold above $401, expect a quick move toward higher resistance zones.
Stay sharp. TAO is no longer sleeping—this could be the start of a vertical rally. Monitor volume and structure closely. Momentum is on the bulls' side, and smart money may already be loading.