💰 $TAO recorded a long liquidation of $14.414K around $196.41, highlighting renewed selling pressure as bears regained short-term control.
Technical Analysis (4H Timeframe):
🔴 Long liquidations confirm weakening bullish momentum, with sellers maintaining the upper hand.
⚠️ Immediate resistance remains the key level to watch. Buyers must reclaim it to improve market sentiment.
📉 A loss of nearby support could trigger another wave of downside.
Outlook: The short-term trend remains bearish until TAO reclaims key resistance with strong buying volume.
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