TIA/USDT Testing Downtrend Line: Reversal or More Downside?Summary:
TIA price remains below the main descending trendline (yellow) drawn from the Dec–Jan peak. Price is currently hovering around $1.87–$2.00, right under the key $2.00–$2.10 resistance zone and the trendline. This is a decision zone: a breakout could trigger a reversal, while rejection could extend the bearish trend.
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Key Structure Levels (from chart)
Support: $1.75–$1.80 (minor), $1.62, $1.31 (major low).
Resistance: $2.00–$2.10, $2.296, $2.787, $3.346, $4.176, $5.418, $6.614, $8.870 (near ATH $9.282)**.
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Pattern & Context
Daily downtrend still dominant (series of lower highs) with the descending trendline acting as dynamic resistance.
Since mid-July, price has formed higher lows from $1.31 → gradually consolidating toward the trendline.
If $2.10 is treated as a “neckline” of a short-term accumulation, measured move = (2.10 − 1.31) ≈ $0.79 → conservative upside target ≈ $2.90 (aligns with $2.787 level).
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Bullish Scenario
Trigger:
Daily close above the trendline + $2.10, ideally followed by a retest of $2.00–$2.10 as support.
Step targets:
$2.296 → $2.787 → $3.346 → $4.176.
Structure projection: ≈ $2.90 (around $2.787).
Invalidation / Risk:
Daily close back below $1.80 after breakout, or a failed breakout above $2.10 without follow-through.
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Bearish Scenario
Trigger:
Strong rejection at the trendline / $2.00–$2.10 with a decisive bearish candle.
Downside targets:
$1.80 → $1.62 → $1.31 (key low).
Break below $1.31 opens deeper bearish territory ($1.20–$1.00 psychological zone).
Invalidation / Risk:
Daily close above $2.10 would cancel the short-term rejection setup.
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Action Plan (not financial advice)
Bullish: Wait for confirmation above $2.10 with volume/follow-through; target $2.29 / $2.79 / $3.35; manage risk below retest level.
Bearish: Watch for pin bar/engulfing rejection at the trendline/$2.00–$2.10; target $1.80 / $1.62; invalidation if daily closes > $2.10.
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