Yello, Paradisers! Are we about to witness a massive bullish move in TIAUSDT, or will it break down and catch traders off guard? 😱 Let's break it down.
💎TIAUSDT has broken out of its descending channel and is in the process of forming a W pattern, which is increasing the probability of a bullish move.
💎However, for the bullish scenario to truly play out, we need TIAUSDT to break above the resistance zone and close a candle above it. Only then can we expect further upward momentum. But remember to closely watch BTC's price action as well, as it will increase the overall probability of success.
💎In the case of a pullback, we could see a bounce from the small support level, but for confirmation, we need to see a Change of Character (CHoCH) indicating a shift back to a bullish market structure. This will significantly improve the odds in our favor.
💎However, if TIAUSDT breaks down and closes a candle below the support zone, it would invalidate our bullish scenario and we’ll need to re-evaluate.
Be disciplined, trade smart, and always wait for confirmation before making any moves.
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.