Showing Weakness

١٥ يناير ٢٠٢٤

Tia coin's price action and RSI is showing weakness on the chart. High chances it might go to the $15 range if it cannot close above $19.8 to $20 on the hourly candle. It is also throwing spinning top candles which are bearish. Be careful of a liquidity grab spinning top candle to intend to to trigger your stop loss before dumping.
Let's see how this plays out.

Not a financial advice.

١٥ يناير ٢٠٢٤

ملاحظة

The trade is going in the direction discussed at the beginning with a target of $15. Also this target range might be a good point to long TIA coin since it touches on the 100 fib extension level.

١٦ يناير ٢٠٢٤

تم إغلاق الصفقة يدويًا

I Closed the position with less profit than expected because I spotted a hidden bullish divergence on the 1H chart. The Price might reverse to the upside with a target of $21.10. Risk management is key to survive in this market. So, it is better to exit with less profit than no profit at all or even losing money.
It is ok if the price continues down. A new point of reentry will be found.

Safe trading.