$TAO is up 8.0% in 24h and still sits just 0.5% above its daily EMA20. that's the whole trade.
it has beaten BTC by 4.4 points over 7d and 20.9 points over 30d. a coin that leads that long isn't a one-day squeeze, and I'd rather own the leader than hunt the laggard.
the v440 upgrade moves emissions toward high-demand subnets. that's the network's own pitch, so treat it as a claim, but it's the reason buyers have kept showing up on dips. the soft spot is volume: the last 5 days run at 0.61x the 20 before. quiet strength, which I'll take over a crowded move. setup score is 11 out of 14, not a 14.
$TAO trades at $286.9 right now, just under the 24h high of $287.1 and well off the 24h low of $256.4. if it holds the daily EMA20 at $284.549, I think it runs to the 20-day mean at $292.645. if it loses $284.549, I'm wrong on this and there's nothing to defend. anyone long would be holding a bounce that already gave back its gains.
holding $284.549 or losing it?
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it has beaten BTC by 4.4 points over 7d and 20.9 points over 30d. a coin that leads that long isn't a one-day squeeze, and I'd rather own the leader than hunt the laggard.
the v440 upgrade moves emissions toward high-demand subnets. that's the network's own pitch, so treat it as a claim, but it's the reason buyers have kept showing up on dips. the soft spot is volume: the last 5 days run at 0.61x the 20 before. quiet strength, which I'll take over a crowded move. setup score is 11 out of 14, not a 14.
$TAO trades at $286.9 right now, just under the 24h high of $287.1 and well off the 24h low of $256.4. if it holds the daily EMA20 at $284.549, I think it runs to the 20-day mean at $292.645. if it loses $284.549, I'm wrong on this and there's nothing to defend. anyone long would be holding a bounce that already gave back its gains.
holding $284.549 or losing it?
follow me for more calls like this.