TIAUSDT: A Bullish Breakout or False Hope? Key Levels to Watch

17 בספט׳

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.

MyCryptoParadise
iFeel the success🌴