🔴 $TAO Long Liquidation at $223.74 | $10.056K wiped
This was the headline event. $TAO has been a favorite for momentum traders, and that popularity finally became its weakness. Longs crowded the same breakout zone, convinced the trend would never pause. When price stalled, the sell pressure was not retail. It was leverage being forcefully removed.
EP: $223 – $226
TP: $208 / $195
SL: $232
A liquidation of this size does not just shake weak hands, it resets the entire sentiment structure around the asset.
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TAO
213.9
-2.68%