Tesla Tokenized Stock Trapped in Narrow Range Above $356

Tesla's tokenized stock on Binance is stuck in a narrow range above $356, with 80% of smart money holding long positions.

The technical indicators are flashing caution, despite the bullish positioning. Momentum has flatlined, and the MACD histogram is sitting at zero, indicating exhaustion.

The Stochastic oscillator has pulled back to 33/%K against 26/%D, approaching an oversold reading that could trigger a bounce. However, buyers need to step in with aggression for this to happen.

Whales and retail traders are aligned in their long positions, but the open interest has ticked down 0.94% over the last 24 hours, indicating trimming of positions rather than aggressive additions.