TIA recently lost its strong $4 support, and that level is now acting as resistance. For the past two months, the price hasn’t been able to climb back above $4, leaving us with one burning question: Is more blood on the table?
Trade Setup Opportunity
- Broken Support: TIA has given up its $4 support, which now serves as resistance.
- Looking at November 2024: The low from November 2024 was around $1.9. Revisiting that level could provide us with a high-probability long trade.
Trade Setup Opportunity
- Entry Point: Set an alarm for the $1.9 low. A successful bounce here would signal a potential long trade opportunity.
- Target & Reward: With the goal of targeting the $3 level, this trade could offer a risk-to-reward ratio of at least 5:1.
- Implication: If the $1.9 level is revisited and holds, we could be looking at a scenario with roughly 40% more downside in the current trend—but also a setup for a low-risk long if the bounce holds.
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🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.