Simple Trading Strategy. $TIA looks like it will continue its upward trend. It can be seen that $TIA has formed the INHS Pattern.
I have determined which area I will enter.
The area that I have determined is very interesting in my opinion because there is a trendline, demand, and also the 0.618 and 0.786 Fibo areas.
For the entry method, I will wait for confirmation first, such as the appearance of rejection, if there is no rejection and the price breaks the last swing low, then I will not make an entry to avoid losses.
For my stop loss, I put it below the last swinglow, namely the price level of 5,929, the reason I put the stoploss in this area is if the price breaks through the swinglow area, there is a possibility that it will not create a downward trend. To take profit, I place it in the resistance area, namely the 8020 price level, because if there is a bounce in that area, I have secured my profit.
and the most important thing is to always manage your risk before entering the market, because basically there is no analysis that is 100% correct, therefore use the smallest possible risk to avoid big losses, so that you can last a long time in the market and can make money in the market .
