đ What if that $TIA breakout was just a trap before another move down?
I was watching the breakout near the top, but something didnât look right. Price pushed above resistance, yet the volume wasnât convincing enough for me to trust the move.
At the same time, some early buyers may be taking profits, adding more selling pressure. Now, traders who jumped in during the breakout could be stuck near the top.
Thatâs what Iâm keeping an eye on.
Thereâs still a liquidity zone around $0.58â$0.55, and if those late buyers start closing their positions, we could see price move lower pretty quickly.
đŻ My main downside target: $0.54
Hereâs how I see it:
Weak breakout â Profit-taking â Trapped buyers â Potential move toward lower liquidity.
Of course, the setup still needs confirmation. Iâm watching how price reacts next before drawing any final conclusions. đđ»
$TIA
#TIAđ„đ„đ„
I was watching the breakout near the top, but something didnât look right. Price pushed above resistance, yet the volume wasnât convincing enough for me to trust the move.
At the same time, some early buyers may be taking profits, adding more selling pressure. Now, traders who jumped in during the breakout could be stuck near the top.
Thatâs what Iâm keeping an eye on.
Thereâs still a liquidity zone around $0.58â$0.55, and if those late buyers start closing their positions, we could see price move lower pretty quickly.
đŻ My main downside target: $0.54
Hereâs how I see it:
Weak breakout â Profit-taking â Trapped buyers â Potential move toward lower liquidity.
Of course, the setup still needs confirmation. Iâm watching how price reacts next before drawing any final conclusions. đđ»
$TIA
#TIAđ„đ„đ„