Looking at TAO: TAO's price rose just 0.22 percent over the last two days while open interest (the number of active contracts) ticked up. Prices, though, are stuck in a range with resistance at 235 and support at 232.06. The tape is soft…
TAO's price rose just 0.22 percent over the last two days while open interest (the number of active contracts) ticked up. Prices, though, are stuck in a range with resistance at 235 and support at 232.06. The tape is soft and range-bound with room for fakeouts, if price breaks below that 232.06 support, that's your heads-up for a shift. Funding's turned slightly positive, but there's no sign of crowding yet.
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