$TAO Long Liquidation Alert!

$10,974 in Longs Liquidated at $338.06

TAO just dealt a heavy blow to the bulls! Long positions worth nearly $11K were wiped out as price dropped to $338.06 — a classic shakeout move that could signal weakness or trap impatient bulls.

What Just Happened?

• Traders went long expecting upside from support.

• Instead, TAO dipped below key levels, triggering liquidations on leveraged positions.

• This signals short-term bearish pressure, but watch closely — this could turn into a bull trap.

Market Sentiment:

• Short-term bearish, especially below $340.

• Price needs to reclaim $345–$350 for bulls to regain momentum.

• A failed bounce here could drag TAO lower to next major support zone.

Recovery Targets (If Bounce Happens):

• TG1: $348 – immediate recovery

• TG2: $362 – short-term resistance

• TG3: $378 – bullish continuation zone

Next Move:

• Key support to watch: $328–$333

• If price stabilizes in that range with rising volume → possible bounce.

• If not, prepare for consolidation or lower lows.

Pro Tip: Don’t chase here. Wait for a bullish structure or reclaim above $345 to re-enter long.

Leverage traders got punished — now it’s time to let the dust settle and watch for smart entries.

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