$TIA /USDT Technical Analysis – Consolidation After a Bullish Push$TIA is trading at $4.784, up 6.05%, reflecting a strong upward move but consolidating after touching a 24-hour high of $4.904.
Key Levels to Watch:
Resistance:
$4.904: Immediate resistance; a breakout above this level could continue the bullish trend.
$5.000: A psychological barrier that may trigger profit-taking if reached.
Support:
$4.741: Immediate support; holding this level is crucial to sustain bullish sentiment.
$4.648: A deeper support level that could act as a rebound zone if selling pressure increases.
Indicators:
RSI (48): Neutral, suggesting room for further movement in either direction.
MACD: Slight bearish divergence, signaling a possible cooldown in momentum.
Trading Strategies:
Bullish Play:
Look for entries above $4.900, targeting $5.000 and $5.100, with a stop-loss at $4.740.
Bearish Play:
Consider shorts below $4.740, targeting $4.650 and $4.600, with a stop-loss at $4.800.
Market Insights:
The increased trading volume and recent upward momentum suggest buyers are still active. However, the consolidation near resistance levels calls for caution. Watch for a decisive breakout or breakdown for clearer direction.