TIA has broken out of a long-standing descending channel on the 4H timeframe, signaling a possible trend reversal. The price is attempting to flip structure, and bullish momentum is building.
Structure:
Clear descending channel breakout
Retest of upper trendline underway
RSI back above 50, showing recovery
Setup:
Entry: On successful retest of the breakout zone near 1.50–1.55
Stop Loss: Below 1.43
Target Levels:
1.67, 1.83, 2.25 until 2.95
This setup looks promising if the price holds above the trendline. Watch closely for volume confirmation and follow-through.
DYOR. Not financial advice
#TIA #Altcoin
Structure:
Clear descending channel breakout
Retest of upper trendline underway
RSI back above 50, showing recovery
Setup:
Entry: On successful retest of the breakout zone near 1.50–1.55
Stop Loss: Below 1.43
Target Levels:
1.67, 1.83, 2.25 until 2.95
This setup looks promising if the price holds above the trendline. Watch closely for volume confirmation and follow-through.
DYOR. Not financial advice
#TIA #Altcoin
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.
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.