🐳 $TAO 4-hour death cross. A couple of thoughts from a positioning perspective:
Bullish momentum persisted for 11 four-hour candles, meaning the bulls had been in control. Now, buying into the rally is clearly losing steam. The indicator is below the zero line, and momentum weakened again before the rebound could take shape—so be careful if you’re looking to catch the bottom.
Feel free to share a different take in the comments.
Bullish momentum persisted for 11 four-hour candles, meaning the bulls had been in control. Now, buying into the rally is clearly losing steam. The indicator is below the zero line, and momentum weakened again before the rebound could take shape—so be careful if you’re looking to catch the bottom.
Feel free to share a different take in the comments.