🚨 TIAUSDT Trade Signal 🚨
Technical Analysis:
📉 The weekly chart for TIAUSDT shows a significant downtrend from the peak at $21.30, with the price now sitting at $4.7618. The support level is around $4.6107, which has held up so far.
Candlestick Analysis:
🕯️ The current candles suggest a continuation of the bearish trend, with no strong reversal patterns forming yet. Traders should be cautious as the downtrend could persist.
Volume Analysis:
📊 Trading volume has decreased significantly, indicating lower participation. This could mean a potential pause in the downward momentum but also a lack of buying interest.
RSI Analysis:
📉 The RSI is below 30, indicating that TIAUSDT is in oversold territory. A bounce back could be expected if the price finds strong support.
SMC Analysis:
🔍 The market structure is still bearish with lower highs and lower lows. However, if the price holds above $4.6107, we could see a temporary recovery towards the $5.00 level.
Trade Setup:
Entry: Consider entering long around $4.7618 if it holds above the support level.
Target: Aim for $5.00.
Stop Loss: Place a stop loss below $4.6000 to manage risk.
Market Sentiment:
🌐 The overall market sentiment remains bearish, so it's advisable to trade cautiously and set tight stop losses.
Stay informed and trade smartly! 🚀
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