$TAO
We’re near support, but volume pressure is against the bulls ( sell Volume exceeded all Volumes of previous days). would love to see this absorbed by the buyers as we sustain above white zone.
Positive thing to mention is that that open interest is falling down which indicates that this move is driven by Futures contract been closed ( most late longs getting liquidated & some cutting losses )
a good thing to watch for is a strong bounce driven by spot volume combined with a surge in open interest to confirm the end of the correction, for now there are no signs of that yet
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