Coin Name: $TIA
Signal Type: Long
Technical Overview:
In November, TIA demonstrated a significant breakout followed by a substantial price pump. After reaching new highs, the price has retraced to its previous breakout level, forming a robust support base. Recently, it has broken out once again and successfully retested its range resistance. This provides an excellent opportunity to establish long positions with high potential for substantial returns.
Key Price Targets:
1. First Target (TP1): $9.3 (previous high)
2. Second Target (TP2): $11.9 (potential extended target)
By building long positions at this stage, traders can capitalize on the price's upward momentum as it targets these significant levels.
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Market Insights:
1. BTC Dominance (BTC.D):
BTC dominance has recently rejected at the Golden Fibonacci Ratio, further confirming a downtrend. Additionally, it closed the weekly candle below this critical resistance, signaling a shift in market sentiment toward altcoins. This development positions altcoins, including TIA, for a bullish breakout.
2. USDT Dominance (USDT.D):
USDT dominance has also rejected its Golden Fibonacci Resistance and is now declining. A further deviation from this level would likely trigger a market-wide pump in altcoins, creating favorable conditions for TIA to rally.
3. Altcoin Market Cap (TOTAL2):
The TOTAL2 chart, which tracks the market cap of altcoins excluding Bitcoin, has secured a crucial support area. This reinforces a bullish outlook for altcoins in the near term.
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Trade Details:
Entry Zone: ~$5.3
Stop Loss (SL): $4.1
Take Profit (TP):
TP1: $9.3
TP2: $11.9
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Conclusion:
The current technical setup and broader market dynamics indicate a strong bullish trend for altcoins, making this an ideal time to consider building long positions in TIA. A breakout above $5.3 with sustained momentum toward previous highs could result in significant gains.
