LIVE$TIA : Celestia ⚠️🚨
1. Celestia has been a great new coin to trade but it has been in a long downtrend for a while now. Since hitting $20, it did not hold that breakout too much. It's retraced all the way to a previous high at $7.45. This retracement led to a rapid bounce from those lows, but without a stronger bid to cross the yearly open.
2. I believe TIA could spend a little while trading sideways before seeing another move anywhere else.
3. So far after the bounce, we've only seen a rejection of the yearly open.
4. For a long position, look for a reclaim of the yearly open at $11.88. Nothing will happen for a long time and we will just build a range if we stay below this level. Good targets for this breakout at $12.50 and $13.60.
TIA has tested this yearly open a few times now that we've retraced from the lows, but no major reclaim yet.
5. For a short position, look for continued acceptance below the yearly open at $11.88.
Good targets below are $10.50 and $9.30. This is a new coin, so downside volatility is most definitely going to be more violent.
