🔥 TAO
📌 Event Details:
• Event Type: Short Liquidation
• Volume Liquidated: $1.65M
• Trigger Price: $194.74
🎯 Trade Setup:
• Entry Zone: $192.50 - $193.80
• TP1: $198.00
• TP2: $205.00
• Stop-Loss (SL): $189.50
📊 Market Analysis:
Bittensor (TAO) recently executed an upward liquidity sweep reaching the $194.74 resistance high, triggering forced short liquidations before consolidating near the $193.70 region. The price established a solid higher-low structure off the $191.04 support, reflecting steady spot accumulation during brief pullbacks. As sell-side liquidity clears above local resistance, holding current support levels sets the stage for a potential bullish breakout toward higher targets.
🛡️ Risk Management: Limit spot position size to 2-3% of total portfolio capital and strictly adhere to the stop-loss boundary.
