Hourly volume just spiked 1.61 times above average for $TAO near the 213.2 daily high.
The asset trades at $215.3, up 3.91% over 24 hours on $18.86M in volume, testing the upper boundary of its $200.8 to $213.2 range.
A sustained push above the 213.2 high could confirm continuation momentum. However, chasing without a retest risks entering on exhaustion if volume fades back toward the 200.8 low.
Would you wait for a confirmed hourly close above 213.2 before acting, or do you view this volume spike as a warning sign of a false breakout?
Tap $TAO for the live chart. #TAO #BinanceSquare
The asset trades at $215.3, up 3.91% over 24 hours on $18.86M in volume, testing the upper boundary of its $200.8 to $213.2 range.
A sustained push above the 213.2 high could confirm continuation momentum. However, chasing without a retest risks entering on exhaustion if volume fades back toward the 200.8 low.
Would you wait for a confirmed hourly close above 213.2 before acting, or do you view this volume spike as a warning sign of a false breakout?
Tap $TAO for the live chart. #TAO #BinanceSquare