$TIA has fallen below the 0.7 level.
Let's break this number down.
The longer it's been since the price last reached this level, the more the distribution of holdings around it may have changed. The balance of bullish and bearish forces at the time may no longer hold.
The first rebound after a breakdown is often seen as a litmus test: if the price is rejected near the level, the case for support turning into resistance becomes stronger.
Don't change your approach based on a single number, and never gamble borrowed money on a particular prediction.
Let's break this number down.
The longer it's been since the price last reached this level, the more the distribution of holdings around it may have changed. The balance of bullish and bearish forces at the time may no longer hold.
The first rebound after a breakdown is often seen as a litmus test: if the price is rejected near the level, the case for support turning into resistance becomes stronger.
Don't change your approach based on a single number, and never gamble borrowed money on a particular prediction.