$TAG is up 47% and showing rejection at the highs. Here's why ๐
After climbing from 0.0004347 to 0.0007316 in 2 days (+47% on the day), momentum is showing signs of exhaustion.
The break above 0.000709 was tiny (3.2%) and TAG got rejected from 0.0007316 straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.0004752, the low of the earlier $TAG pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.0007316 I'm out of this idea.
๐ My TAG trade: short from 0.0007221, stop at 0.0008456, target 0.0004752 (+34.2%, 1:2)
๐ 24h Vol: $28.3M | 24h Chg: +46.9% | Funding: +0.0050%
Am I wrong? Tell me why below ๐
Follow for daily chart breakdowns ๐
Just my view, not financial advice.
#TAG #Analysis #Trading
After climbing from 0.0004347 to 0.0007316 in 2 days (+47% on the day), momentum is showing signs of exhaustion.
The break above 0.000709 was tiny (3.2%) and TAG got rejected from 0.0007316 straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.0004752, the low of the earlier $TAG pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.0007316 I'm out of this idea.
๐ My TAG trade: short from 0.0007221, stop at 0.0008456, target 0.0004752 (+34.2%, 1:2)
๐ 24h Vol: $28.3M | 24h Chg: +46.9% | Funding: +0.0050%
Am I wrong? Tell me why below ๐
Follow for daily chart breakdowns ๐
Just my view, not financial advice.
#TAG #Analysis #Trading
