A $81.6K long position in Celestia ($TIA ) was liquidated at $5.003, highlighting significant market volatility.
Key Observations:
Support Levels: Immediate support is observed around $4.80; a breach could lead to a decline towards $4.50.
Resistance Levels: Resistance is noted at $5.20 and $5.50; surpassing these could indicate a bullish trend.
Market Sentiment: Recent price movements suggest a bearish trend, with $TIA underperforming compared to the global cryptocurrency market.
Next Move: A decisive move above $5.20 may signal a bullish reversal, while failure to maintain support at $4.80 could lead to further declines.
Recommendation: Given the current market dynamics, it's advisable to monitor TIA's price movements closely and consider implementing risk management strategies to navigate potential volatility.
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