$1M to deploy today. Two doors. ENTRY 98.
Door 1 — $TAO $226.20, +3.6%. It took its line, and then it held it. Three straight hourly closes above EMA50 $225.03: $225.30, $225.40, then $226.70 on the 16:00 close — the third one $1.67 clear of the line and rising. RSI 59, above EMA20 $223.16, resistance $234.90, support $212.10 — the September low that held three times last week. Rank #39, $2.65B, fully circulating, -70% off its high. The backdrop is old news, not today's: the Covenant dev-exit bled it $338 to $220 last week. The fear is priced. The line is taken.
Door 2 — $BNB $697.25, +0.7%. Still knocking. Three straight closes pressing $700 from below — $696.26, $696.22, $697.67 — and never a close above it. $700 is a round number and the EMA50 ($699.21) at the same time, so the line is doing double duty. RSI 52, above EMA20 $695.82, resistance $717.77, support $683.94. Rank #4, $91.6B. It lost $700 on closed candles in the hack wash on Oct 31 and hasn't closed above it since.
My pick is Door 1. A line taken on three closes beats a line still being knocked on — but TAO's first close cleared by $0.27, so one hourly close back below $225.03 unwrites the whole read. And if BNB takes $700, it squeezes the deepest book on the board. Not a call, either way.
18:00 UTC close, 23:30 IST: does BNB finally close above $700, or does TAO give its line back first?
Door 1 — $TAO $226.20, +3.6%. It took its line, and then it held it. Three straight hourly closes above EMA50 $225.03: $225.30, $225.40, then $226.70 on the 16:00 close — the third one $1.67 clear of the line and rising. RSI 59, above EMA20 $223.16, resistance $234.90, support $212.10 — the September low that held three times last week. Rank #39, $2.65B, fully circulating, -70% off its high. The backdrop is old news, not today's: the Covenant dev-exit bled it $338 to $220 last week. The fear is priced. The line is taken.
Door 2 — $BNB $697.25, +0.7%. Still knocking. Three straight closes pressing $700 from below — $696.26, $696.22, $697.67 — and never a close above it. $700 is a round number and the EMA50 ($699.21) at the same time, so the line is doing double duty. RSI 52, above EMA20 $695.82, resistance $717.77, support $683.94. Rank #4, $91.6B. It lost $700 on closed candles in the hack wash on Oct 31 and hasn't closed above it since.
My pick is Door 1. A line taken on three closes beats a line still being knocked on — but TAO's first close cleared by $0.27, so one hourly close back below $225.03 unwrites the whole read. And if BNB takes $700, it squeezes the deepest book on the board. Not a call, either way.
18:00 UTC close, 23:30 IST: does BNB finally close above $700, or does TAO give its line back first?
