I almost bought $TAO today. Then I checked the volume, 0.6x average
Trading at 252.8000 after touching a 7 day high of 281.4000
Volume is dead at 0.6x the weekly average
This move higher has no backing behind it
An hourly close and hold above 259.7000 changes my mind
Or a pullback that holds 247.3000 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $TAO here or waiting for 247.3000
#TAO #RiskManagement
Trading at 252.8000 after touching a 7 day high of 281.4000
Volume is dead at 0.6x the weekly average
This move higher has no backing behind it
An hourly close and hold above 259.7000 changes my mind
Or a pullback that holds 247.3000 and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $TAO here or waiting for 247.3000
#TAO #RiskManagement