$TAO: Derivative Data Shows Heavy Long Liquidations Incoming
SHORT SETUP TAO
Entry: $275.800 - $276.000
Stop Loss: $286.000
Take Profit: $255.700 (2R)
Key Levels: Support $268.000 | Resistance $277.000
Technical Analysis for $TAO: Stochastic is deep in overbought (K95) while price sits at the top of the 1hour range near 277 resistance. EMA9/21 sit below price but EMA50/200 remain higher, indicating longerterm bearish bias. A short entry around 275.8276.0 targets the 268 swing low; stop above 286. Risk is ~10 pts, TP ~255.4. Watch a break above 277 as invalidation.
Market Context: BTC is in a bearish 4hour trend and mixed on the daily, with market breadth broadly negative.
SHORT $TAO
SHORT SETUP TAO
Entry: $275.800 - $276.000
Stop Loss: $286.000
Take Profit: $255.700 (2R)
Key Levels: Support $268.000 | Resistance $277.000
Technical Analysis for $TAO: Stochastic is deep in overbought (K95) while price sits at the top of the 1hour range near 277 resistance. EMA9/21 sit below price but EMA50/200 remain higher, indicating longerterm bearish bias. A short entry around 275.8276.0 targets the 268 swing low; stop above 286. Risk is ~10 pts, TP ~255.4. Watch a break above 277 as invalidation.
Market Context: BTC is in a bearish 4hour trend and mixed on the daily, with market breadth broadly negative.
SHORT $TAO