$TAO 263.8: Shorts are trying to stop the train near the bottom, but Top Traders are pressing the other way!
Derivatives data:
• Top Trader L/S: 80.9% Long vs. 19.1% Short (Ratio 4.25, heavily skewed).
• Funding Rate: -0.0018% (Negative funding—Shorts are trapped paying fees).
• OI: 63.6M USD (Price is tightly compressed right at the 263 USD support).
Scenario: $TAO testing the 263 USD support could easily trigger a technical bounce and squeeze back up to 275–280 USD when London session volume comes in. Look for bargain entries around 261–263 USD; don’t FOMO into Shorts trying to stop the train.
Are you following the Top Traders Long, or looking to add to your Short?
$TAO $BTC #Crypto #BinanceSquare #Trading #AI
Derivatives data:
• Top Trader L/S: 80.9% Long vs. 19.1% Short (Ratio 4.25, heavily skewed).
• Funding Rate: -0.0018% (Negative funding—Shorts are trapped paying fees).
• OI: 63.6M USD (Price is tightly compressed right at the 263 USD support).
Scenario: $TAO testing the 263 USD support could easily trigger a technical bounce and squeeze back up to 275–280 USD when London session volume comes in. Look for bargain entries around 261–263 USD; don’t FOMO into Shorts trying to stop the train.
Are you following the Top Traders Long, or looking to add to your Short?
$TAO $BTC #Crypto #BinanceSquare #Trading #AI