$TAO — Long Liquidation Watch 🔴
A $10.128K long liquidation at $268.64 highlights downside pressure on leveraged buyers. The key is whether price reclaims nearby structure or continues searching for lower liquidity. A bearish BOS would strengthen the downside case.
Support: $265
Resistance: $275
Next Target: $258
If sellers defend resistance, further weakness remains possible. Watch for a liquidity sweep and confirmation before taking a position. Let's track $TAO 📉
A $10.128K long liquidation at $268.64 highlights downside pressure on leveraged buyers. The key is whether price reclaims nearby structure or continues searching for lower liquidity. A bearish BOS would strengthen the downside case.
Support: $265
Resistance: $275
Next Target: $258
If sellers defend resistance, further weakness remains possible. Watch for a liquidity sweep and confirmation before taking a position. Let's track $TAO 📉