$TIA A massive four-hour rally, but the bulls haven’t won yet!
Folks, TIA has been absolutely wild this time, surging from 0.60 all the way to 0.7142 and breaking through 0.62 and 0.68 along the way. The rally has been explosive, like it’s been building up for half a month! But the harder it surges, the more cautious you should be about a sharp reversal from these highs.
On the 4-hour chart, the spike to 0.7142 left a clear long upper wick, showing significant selling pressure above 0.71. Price has now pulled back to around 0.7027. Volume expanded noticeably during the rally, but has started to fade during the pullback. This looks more like short-term profit-taking for now, so it’s too early to say the move is over.
Trading plan: Price is in no-man’s-land right now, so don’t rush to chase it. Wait for a confirmed retest, or get in after a breakout. That’s more important than blindly jumping in.
Don’t call it a bull market just because price is up, and don’t turn bearish just because of one upper wick. Whoever takes the key level next is the one who gets to call the shots.
#NEAR24小时涨近10% #澳大利亚提议加密交易申报法案
I’ll share specific strategies in the chat room as they come up!
Folks, TIA has been absolutely wild this time, surging from 0.60 all the way to 0.7142 and breaking through 0.62 and 0.68 along the way. The rally has been explosive, like it’s been building up for half a month! But the harder it surges, the more cautious you should be about a sharp reversal from these highs.
On the 4-hour chart, the spike to 0.7142 left a clear long upper wick, showing significant selling pressure above 0.71. Price has now pulled back to around 0.7027. Volume expanded noticeably during the rally, but has started to fade during the pullback. This looks more like short-term profit-taking for now, so it’s too early to say the move is over.
Trading plan: Price is in no-man’s-land right now, so don’t rush to chase it. Wait for a confirmed retest, or get in after a breakout. That’s more important than blindly jumping in.
Don’t call it a bull market just because price is up, and don’t turn bearish just because of one upper wick. Whoever takes the key level next is the one who gets to call the shots.
#NEAR24小时涨近10% #澳大利亚提议加密交易申报法案
I’ll share specific strategies in the chat room as they come up!