Grayscale Bittenso Information-Based Scalping Strategy
Grayscale opens a Trust for
$TAO , which is now trading as a security with a NAV of $9.95 per share and a total AUM of $4.95 million. This information can be used for scalping strategies if $Tao is available on certain crypto trading platforms.
Scalping Strategy Steps:
1. Monitor Real-Time Price:
If
$TAO is traded on the spot market, use a lower timeframe (1-5 minutes) to capture short-term volatility opportunities.
2. Identify Support and Resistance:
Watch the NAV price of $9.95 as an initial support reference. Resistance can be formed from volume data or market sentiment when the trust opening starts to take effect.
3. Use Technical Indicators:
EMA 8, 20, 50: Identify price trends.
RSI: Monitor overbought (>70) and oversold (<span for entry opportunities.
MACD: Crossing signals can help determine the direction of fast trading.
4. Manage Risk:
Use tight stop-loss, as scalping relies heavily on small price movements.
Limit positions so that the risk per trade is a maximum of 1-2% of capital.
Scalping Entry Points:
Buy Entry: When the price approaches support (below $9.95).
Sell Entry: When the price approaches new resistance formed in the market.
My Comments:
š„ "Grayscale + Bittensor: New Opportunities for
$TAO Traders?"
Grayscale officially opens Bittensor Trust to selected investors, with NAV per share at $9.95 and total AUM reaching almost $5 million. With this move, $tao gets wider exposure, but what does it mean for short-term traders?
š” Strategy for Scalpers:
Watch the $9.95 NAV level as a reference for support.
Use indicators such as RSI & MACD to catch quick volatility opportunities. CHECK NOW šš¼
$TAO āØ Big Picture: This move could pave the way for wider adoption, but be aware of the risks as the TAO market is still new to many traders.
š What do you think? Is
$TAO worth your trading radar or do you want to see how it plays out?Let's discuss here! š
#Grayscale #Bittensor #CryptoTrading