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TIA/USDT (Celestia) Tops Coin Searches Over the Last 7 Days
Current Analysis:
TIA/USDT is currently positioned at a significant resistance zone, coinciding with a downward trendline that has previously acted as a resistance multiple times.
If TIA/USDT successfully breaks through this zone (indicated by the red arrow), we can anticipate a strong bullish trend for the pair.
Targets:
- First Resistance Zone: The next target is the resistance zone around $11.5-12.5 (TP 1 Target).
- Second Resistance Zone: If TIA/USDT surpasses the first resistance, the next target will be the resistance zone around $17.3-18.5.
The attached chart from onlytradings.com is a daily chart. However, for a comprehensive analysis, it is essential to examine smaller timeframes, such as 15-minute, 5-minute, and 30-minute intervals, to identify trend reversal signs (timeframe alignment).
Key Entry Point:
Enter the trade upon a retest after breaking through the resistance zone.
Trade Management:
To manage your trade effectively, once the risk-reward ratio (RRR) exceeds 1:1, move your stop loss to break even to ensure a risk-free trade.
By following these strategies, traders can optimize their entry points and manage risks efficiently.
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