$TAO just saw a short liquidation of $1.199K at $263.46. I’m watching this closely because this pullback is healthy—it’s clearing weak positions and setting the stage for a potential bounce.

The trade setup I’m focusing on has an Entry Zone between $260–$265. Target 1 is $248, and Target 2 is $235. Stop Loss is at $270 to protect against unexpected spikes.

This zone is strong because it aligns with a previous reaction area from late February and sits near the 0.618 Fibonacci retracement of the last upward swing. Price has respected this level multiple times, showing buyers are ready to defend it.

If this level holds, they’re building strength, and TAO could see a solid reversal. I’m watching for clear confirmations before committing further.

#TAO #CryptoTrading #ShortLiquidation #SupportZone #MarketWatch