📌 Current Situation:
Confirmed Rebound: The price initially broke below the 1D support (deviation), but yesterday’s daily close confirmed a level reactivation.
Reversal Pattern Formation: A potential double bottom or an Inverse Head and Shoulders is developing.
🎯 Trading Plan:
🔹 Entry Zone: Limit orders on the retest of the 1D block at $3.82 - $3.64.
🔹 Stop-Loss: Below $3.53.
🔹 Target: Upside towards $6.00+ (liquidity zone).
📈 Justification:
✅ 1D Block Support: The price is retesting a key daily demand zone.
✅ Deviation and Rebound: A classic trend reversal model after weak long liquidations.
✅ Risk/Reward: Well-defined R/R ratio with a clear invalidation level.
💡 Conclusion:
TIA is showing strong signs of recovery, but it's crucial to wait for the retest before entering the trade. Given the broader market context, the chances of a successful long setup appear promising. 🚀
Confirmed Rebound: The price initially broke below the 1D support (deviation), but yesterday’s daily close confirmed a level reactivation.
Reversal Pattern Formation: A potential double bottom or an Inverse Head and Shoulders is developing.
🎯 Trading Plan:
🔹 Entry Zone: Limit orders on the retest of the 1D block at $3.82 - $3.64.
🔹 Stop-Loss: Below $3.53.
🔹 Target: Upside towards $6.00+ (liquidity zone).
📈 Justification:
✅ 1D Block Support: The price is retesting a key daily demand zone.
✅ Deviation and Rebound: A classic trend reversal model after weak long liquidations.
✅ Risk/Reward: Well-defined R/R ratio with a clear invalidation level.
💡 Conclusion:
TIA is showing strong signs of recovery, but it's crucial to wait for the retest before entering the trade. Given the broader market context, the chances of a successful long setup appear promising. 🚀
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.