$ETH #USStockDrop #BinanceAlphaAlert #TRXETF #BinanceHODLerHYPER #USStockDrop TAO Long Liquidation Alert
Liquidated: $1.1095K at $335.79
I'm seeing some significant pressure on TAO as long positions were cleared at $335.79.
This liquidation could lead to a consolidation phase or a deeper retracement, depending on how the market reacts to key levels.
Tip 1: Key Support & Resistance Levels
Support is currently sitting at $325.00 — a break below could open the door for a further decline to $310.00.
On the upside, resistance is around $350.00, and bulls need to reclaim this area to regain upward momentum.
Tip 2: Smart Entry & Exit Strategy
Buy Range (on confirmed bounce): $325.50 - $330.00
Profit Target 1: $340.00
Profit Target 2: $350.00
Stop-Loss: $320.00
Only consider entries once the price starts showing signs of stabilization at support. Don’t rush in prematurely.
Tip 3: Watch for Volume Confirmation
I’m focused on volume.
If we see strong buying volume near $325, it could signal a potential reversal.
If volume remains light or decreases, be prepared for a possible continued downtrend.
Next Move:
I'm taking a wait-and-see approach for now. TAO needs to hold the $325 mark to avoid further downside.
If the market gives a solid bounce, I’ll consider entering with a clear target above $340. Patience is key here.