📊 Short-Term Trading Strategy (15–30 Minute Chart)
🔍 Technical Overview
Price Trend: $TIA has recently broken out of a year-long descending channel, signaling a potential trend reversal.
Support Levels: $2.50 and $2.30
Resistance Levels: $2.80 and $3.00
✅ Entry Strategy
Breakout Entry: Consider entering a long position if TIA breaks and closes above $2.80 with strong volume.
Pullback Entry: If TIA retraces to the support zone around $2.50 and shows signs of a bullish reversal, it may present a buying opportunity.
🎯 Take-Profit Targets
TP1: $2.90
TP2: $3.00
TP3: $3.10
🛑 Stop-Loss Placement
Breakout SL: Below $2.70
Pullback SL: Below $2.40
📈 Indicators to Monitor
RSI: Monitor for overbought conditions above 70, which may indicate a potential pullback.
MACD: Look for bullish crossovers to confirm upward momentum.
Volume: Increasing volume on upward price movements can confirm the strength of the trend.
⚠️ Risk Management Tips
Position Sizing: Risk no more than 1–2% of your trading capital on a single trade.
Risk-Reward Ratio: Aim for a minimum of 2:1 to ensure potential profits outweigh losses.
Market Conditions: Stay updated on news and events that might impact TIA's price.