Let's analyze a young but very interesting asset #TIA🔥🔥🔥
🗣 The asset has been moving sideways for a long time between the local support level of 9.1$ and the local resistance level around 11.9$. The price has also formed a descending trading channel in which it has been moving for quite a long period of time. Also the price constantly reacted to the area of increased volume, which is located between these two levels.
⌛ In the near future I expect a test of the local resistance level and continuation of the upward movement to the main targets
🔜I plan to enter the trade from the current (9,75$-9$).
🛑 Stop loss will be at (8,3$)
✅First take (11,55$)
✅Second takeout (12,23$)
When the first take is reached, stop loss should be replaced to the entry price. Reaching the second take will be 24% of net movement