TAO surges 8% in one hour! The bears are bloodied; is $284 the top or a relay?

Understanding the flow of smart money is key to catching this soaring wealth in the battle between bulls and bears.

TAO shows a rapid upward trend on the one-hour chart, with the price strongly breaking through the 280 level along the moving averages. Although the technicals indicate a bullish alignment, the short-term divergence is too large, suggesting a pullback is needed.

The liquidation map shows that above $284, the bears have been bloodied, with many stop-loss orders triggered. But here’s my personal view: in the smart money overview, long positions are profitable up to 91%, with massive net buying, which often signals major players distributing at high levels. Although bears are losing, they are resolutely holding at high levels.

Trading strategy
Bullish​: Pull back to around 272-275, targeting 285 - 293;
Bearish​: around 285-290.

I believe this is a fierce rotation between bulls and bears, with extremely high risk in chasing the top.

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