💎 TIA has recently achieved a breakout from the Bullish pennant pattern, marking a new all-time high. Presently, the chart indicates that TIA is undergoing a retesting phase at the resistance trendline. This retesting phase is crucial as it could probability lead TIA to extend its upward trajectory towards the maximum target area outlined by the pattern.
💎 However, should TIA retreat back to the trendline area and demonstrate an inability to sustain above it, this could signify a false breakout. In such a scenario, the likelihood of TIA reverting to a downward movement towards the support area increases. This potential reversal would indicate that the breakout momentum has not been sufficiently strong to maintain the upward trend.
💎 The key for TIA in this phase is to showcase a strong bounce off the resistance trendline and reclaim it as support. Such a move would reinforce the bullish outlook and could pave the way for continued upward movement. On the other hand, failure to achieve this bounce and reclaim the resistance could result in TIA shifting into a downward trajectory, with the support area becoming its next critical stop.
💎 However, should TIA retreat back to the trendline area and demonstrate an inability to sustain above it, this could signify a false breakout. In such a scenario, the likelihood of TIA reverting to a downward movement towards the support area increases. This potential reversal would indicate that the breakout momentum has not been sufficiently strong to maintain the upward trend.
💎 The key for TIA in this phase is to showcase a strong bounce off the resistance trendline and reclaim it as support. Such a move would reinforce the bullish outlook and could pave the way for continued upward movement. On the other hand, failure to achieve this bounce and reclaim the resistance could result in TIA shifting into a downward trajectory, with the support area becoming its next critical stop.
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Do you Want to start trading like a PRO?
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🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。