🚨 TIA/USDT: The Modular Blockchain at a Crossroads! What's Next?
Market Outlook: Celestia ($TIA) has been in a prolonged downtrend since reaching its all-time high, but has found a potential bottom and is consolidating. Currently trading within a critical range, the price is testing resistance levels and the overall market sentiment is mixed. A major price move is expected, but the direction is not yet confirmed.
💡 Futures Trading Plan (Neutral Stance):
🟩 Long Entry Trigger: Wait for a confirmed breakout and candle close ABOVE the resistance level of $1.95-$2.10 on a higher timeframe (e.g., 4H or Daily) with significant volume. This breakout would confirm a trend reversal.
💰Targets: $2.25, $2.78, and potentially higher toward $3.34.
🛑Stop Loss: Below the breakout candle's low or below the support zone of $1.75-$1.80.
🟥 Short Entry Trigger: Consider a short if the price shows a strong rejection at the $1.95-$2.10 resistance zone and a confirmed breakdown BELOW the support level of $1.75-$1.80 with a closing candle on a higher timeframe.
💰Targets: $1.62, $1.31 (major low), and potentially lower if the breakdown continues.
🛑Stop Loss: Above the resistance zone at $2.10.
Your Action Plan:
01 - Wait for Confirmation: The market for Celestia is at a pivotal point. Avoid entering a trade based on emotion. Patience is crucial to wait for a clear signal before committing capital.
02 - Use a Stop-Loss: Given the volatility of TIA and the potential for a fake-out in either direction, a stop-loss is not optional. It is essential for protecting your capital.
03 - Manage Your Risk: Do not over-leverage your position. Assess your risk tolerance and size your trades accordingly, especially in the futures market.
📢 What are your thoughts?
Vote: Do you think TIA will break out of its downtrend and push higher, or will it be rejected and continue to fall?
Breakout and Rally 🚀
Rejection and Decline 📉
Comment: Share your analysis below!