Analysis and Trading Recommendations for Currency $TIA
Technical Analysis:
Current Price: $2.592 (decrease of -3.10%)
Moving Averages Cross: EMA(7): 2.600, EMA(25): 2.620, EMA(99): 2.632
Trading Volume: High at 75,305.69
Chart Pattern: Potential double bottom formation after a sharp decline
Support and Resistance Levels:
Support: 2.556, 2.546, 2.45
Resistance: 2.632, 2.674, 2.717, 2.750
Trading Recommendations:
Buy: at levels 2.556-2.560 with a stop loss below 2.50
Take Profit: at 2.632 (first resistance) and 2.674 (second resistance)
Sell: on breakout of 2.750 with increasing volume
Risk/Reward: 1:2 for short-term trades
We expect price volatility between 2.55-2.67 in the coming hours. The TIA currency is a promising project in the standard blockchain field, but caution should be exercised regarding short-term fluctuations and following entry and exit points accurately.
