$TAO printed a long liquidation at 209.74, confirming rejection from local highs and a short-term momentum reset. The liquidation flushed late longs after a failed continuation, shifting control briefly to sellers. Price holding below the trigger keeps downside pressure active unless buyers reclaim structure decisively. Any bounce toward resistance is likely corrective without strong volume confirmation.
EP: 208 – 212
TP: 198 / 186
SL: 218
Bearish continuation unless structure is reclaimed.
TAOUSDT
Perp
216.91
+1.02%