$TAO Short Squeeze!

Short sell positions worth $3.9k were liquidated at $453.9 - the bulls are waking up!

The bears tried to push down on $TAO - but the market had other plans. A sharp short squeeze of $3.9065k at $453.9 revived new momentum. When short positions are liquidated, the price fluctuates!

Current Trends:

This liquidation indicates increasing short selling pressure. If the price maintains the liquidation level, we may witness a strong continuation to the upside.

$TAO Price Analysis and Setup

Buy Zone (Entry):

$440 - $455

(Expected to retest after the rise resulting from the liquidation. An 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 likelihood of continuation if the market maintains its sentiment

Let the TAO speculators dance - and let the short sellers learn

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