🐳 $TAO 4-hour golden cross. A few thoughts from the perspective of the chips:
The bearish momentum histogram lasted for 10 four-hour candlesticks, meaning bears were in control throughout this period. Now, selling pressure is starting to ease. However, the price is below the zero line, and there are still plenty of underwater positions above, so a rebound to the previous high-volume trading zone could run into sell pressure from traders looking to break even.
Leave your thoughts in the comments, and we’ll review it together in a few days.
#TAO
The bearish momentum histogram lasted for 10 four-hour candlesticks, meaning bears were in control throughout this period. Now, selling pressure is starting to ease. However, the price is below the zero line, and there are still plenty of underwater positions above, so a rebound to the previous high-volume trading zone could run into sell pressure from traders looking to break even.
Leave your thoughts in the comments, and we’ll review it together in a few days.
#TAO
