$TAO just saw a $7.438K long liquidation at $262.33 — that’s longs getting forced out, showing weakness after an overextended push. When buyers get wiped like this, it usually signals a local top or at least a cooldown phase.
But on the flip side,
$PENGU ($8.684K) and
#gala ($5.343K) printed short liquidations — that’s pressure building upward. Shorts got squeezed, and that kind of move often fuels continuation if momentum holds.
This is a split tape — one side flushing longs, the other squeezing shorts. That’s volatility expansion, not a clean trend yet.
TP 1: TAO → $255 /
#pengu → $0.0086 / GALA → $0.0038
TP 2: TAO → $248 / PENGU → $0.0092 / GALA → $0.0042
TP 3: TAO → $235 / PENGU → $0.0100 / GALA → $0.0046
Loss, go: TAO above $275 / PENGU below $0.0074 /
$GALA below $0.0032
Market is mixed —
#TAO showing weakness while PENGU & GALA build upside pressure. Don’t treat this as one-directional, trade what the tape is actually showing.