#TIA/USDT Short 1 H

Jan 7

#TIA

The price is moving within a descending channel on the hourly timeframe. It has reached the upper boundary and is heading towards breaking it. A retest of this boundary is expected.

The Relative Strength Index (RSI) is showing an upward trend, as it has approached the upper boundary. A bearish reversal is expected.

There is a key support zone in green at 0.6125. The price has bounced from this zone several times and is expected to bounce again.

A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.

Entry Price: 0.5691
Target 1: 0.5544
Target 2: 0.5389
Target 3: 0.5200

Stop Loss: Above the green support zone.

Remember this simple thing: Money management.

For any questions, please leave a comment.

Thank you.

Jan 12

Trade active

#TIA
Target 1: 0.5544 Reached
Target 2: 0.5389 Reached

Jan 13

Trade closed: target reached

#TIA
Target 1: 0.5544 Reached
Target 2: 0.5389 Reached
Target 3: 0.5200 Reached