Overview analysis $TIA
Long-term frame (1D, 1W): TIA has been in a very strong long-term downtrend since the peak of $21.3. However, the price is showing signs of bottoming around the range of 0.23 - 0.30.
Medium-term frame (4H, 1H): There was a strong "pump" up to the range of $0.38 but it is being sold back down. The price is currently sitting just above important EMA lines.
RSI Indicator: In the shorter frames (15m, 30m), RSI is at a neutral level (40-50), neither overbought nor oversold, indicating that the price is accumulating after the correction from the short-term peak of $0.38.
Trading strategy: LONG Scalping (Prioritize according to the retracement wave)
Although the main trend is down, the price is currently receiving good support in the smaller frames. I prioritize a short-term LONG (Scalp) to catch the retracement wave back up to test the resistance zone above.
Position (Entry): 0.3400 - 0.3460
Take Profit:
TP1: 0.3650 (The nearest old peak)
TP2: 0.3800 (Psychological resistance zone and the peak of the last candle)
Stop Loss: 0.3230 (Below the 50 EMA line in the 4H frame and below the nearest support level)
Recommended leverage: 5x - 10x (Due to TIA's high volatility).
Why choose this order?
RR ratio (Risk/Reward): About 1:1.5 to 1:2. If you enter at 0.346 and set the stop loss at 0.323, the risk is ~6%. If it hits TP2 at 0.38, the profit is ~10%.
Technical reason: The 4H frame shows that the price has risen above EMA(50) and EMA(100). This is a signal of a short-term trend reversal from down to up. The price returning to the 0.34 range is the necessary "retest" before continuing to rise.
⚠️ Note on risk management
No All-in: Only use a maximum of 2-5% of total capital for this order.
Move Stop Loss: When the price reaches TP1 (0.3650), move the Stop Loss to the entry point to protect capital.