TIA/USDT Trading siginal.
š Timeframe 4H.
š Current Price: $4.313
š» 24H Change: -6.24%
š¼ Resistance Level: Around $6.00 - $6.28
š½ Support Level: Around $4.30
Analysis:
The price is in a downtrend as seen from the series of lower highs and lower lows.
The volume is significant, with a recent increase suggesting strong selling pressure.
Immediate Support is at $4.30; breaking this level could signal further downside.
Signal:
šØ Bearish š ā The trend suggests further downside potential. It might be wise to set a sell order if support at $4.30 breaks, targeting lower levels or waiting for a bullish reversal signal before re-entering.
š Suggested Action: Wait and observe support; only consider buying if the price shows a reversal with volume support above $4.50.
š” Risk Management Tip: Place stop-loss slightly below the $4.30 support level if entering a buy position to manage risk effectively.
This analysis serves as an informational insight and not as financial advice.