Showing Weakness
Tia coin's price action and RSI is showing weakness on the chart. High chances it might go to the $15 range if it cannot close above $19.8 to $20 on the hourly candle. It is also throwing spinning top candles which are bearish. Be careful of a liquidity grab spinning top candle to intend to to trigger your stop loss before dumping.
Let's see how this plays out.
Not a financial advice.
Let's see how this plays out.
Not a financial advice.
Note
The trade is going in the direction discussed at the beginning with a target of $15. Also this target range might be a good point to long TIA coin since it touches on the 100 fib extension level.Trade closed manually
I Closed the position with less profit than expected because I spotted a hidden bullish divergence on the 1H chart. The Price might reverse to the upside with a target of $21.10. Risk management is key to survive in this market. So, it is better to exit with less profit than no profit at all or even losing money. It is ok if the price continues down. A new point of reentry will be found.
Safe trading.
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.