$TIA Bullish Case:
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The price has recovered from $2.146 and is showing short-term bullish momentum (8.47% gain).
RSI at 40.164 indicates room for upward movement before hitting overbought levels (typically above 70).
High volume during the recovery suggests buying interest, which could push the price toward the next resistance around $2.796 or even $3.163 if momentum continues.
Strategy: Enter a long position at $2.587, targeting $2.796 (first resistance) for a quick 2-day trade. Set a stop-loss at $2.429 (below the recent low of $2.587) to limit downside risk. Potential profit: ~8%.
#TIA Bearish Case:
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The longer-term trend is bearish, with significant resistance at $2.796 and $3.163.
If the price fails to break $2.796, it could retest the $2.429 support or even drop back to $2.146.
Strategy: If the price shows rejection at $2.796 (e.g., a bearish candlestick pattern), consider a short position targeting $2.429. Set a stop-loss at $2.897 to manage risk. Potential profit: ~6%.