TSSI | Daily – Decision at the downtrend lineContext: Multi-week downtrend (lower highs/lows). Recent bounce off demand 14.9–14.0; price now testing the descending trendline into a light supply / equilibrium area.
Resistance / supply: 18.8–19.6 (trendline confluence), 22.0, 27–29, then 31–33 (weak high).
Support / demand: 16.0, 14.9–14.0 (key), then 12.0; deeper pocket toward 8–9 if momentum breaks.
Bull path: Daily close > 19.0 with rising volume and hold → targets 22 then 27–29.
Bear path: Rejection at the trendline → 16.0 → 14.9–14.0 retest; breakdown <14 opens 12.
Plan: I’ll wait for a daily confirmation; risk ≤1% per idea, targets ≥2R. No chasing into supply.
Original technical analysis; no external sources (APA 7: N/A). Not financial advice.
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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.