đ TIA/USDT 4H Analysis:
1. Descending Trendline Breakout Potential:
The price is currently consolidating in a triangle pattern and is testing key resistance levels. The potential breakout zone is around the $5.90 to $6.00 area.
2. Fibonacci Levels as Targets:
If a breakout occurs, the next targets based on Fibonacci extensions are:
0.88 Fib retracement at $11.02 đ©
1.0 Fib level around $11.96 đč
1.13 Fib extension near $13.03 đ
1.618 Fib reaching as high as $17.05 đ
3. Support Zones:
Critical support lies around the $3.72 level đ„. If the price breaks down below this, further downside is possible.
4. Volume Analysis:
The volume profile shows some spikes, indicating strong buying interest near the current support levels. This suggests accumulation before a potential breakout.
---
đŻ Trading Signal:
Bullish Scenario:
Entry: Look for a confirmed breakout above $6.00 đą.
Target: First target at $11.02, second target at $13.03, and extended target at $17.05 đ°.
Stop Loss: Place a stop loss below $3.50 to minimize risk đš.
Bearish Scenario:
Entry: If the price breaks down below $3.72, expect further decline. Potential downside target could be lower at $2.50 đ.
---
Use proper risk management and watch for confirmation before entering any trades. đđ
