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TIA: Best support level

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📊Analysis by AhmadArz:

Overall Downtrend 📉:
The chart shows that the price has been following a downward trend, making several lower lows. The drawn downtrend line confirms this trend.

Support and Resistance Zones 🛡️⚔️:
Resistance Zone: There is a significant resistance zone around the price of $7.860 to $8.000 (TP2) where the price has bounced off multiple times without breaking through.
Support Zone: A support zone is visible around the price of $5.003 to $4.881, which the price is currently approaching.

Price Prediction 🔮:
Wait for Confirmed Buy: The text on the chart suggests waiting for a confirmed buy. If the price hits the support zone, a rebound to the upside might occur.
Target Prices (TP):
TP1: $6.742
TP2: $7.860
TP3: $9.121
TP4: $10.703

Technical Signals 📊:
The price has bounced off the downtrend line multiple times without breaking it, indicating the sellers' strength in the market.
If the downtrend line is broken and a reversal pattern is confirmed, reaching the specified target prices is possible.
🔍Entry: 5.768
🛑Stop Loss: 4.881
🎯Take Profit: 6.742 - 7.860 - 9.121 - 10.700

Trading Strategy 💡:
Buy: Consider buying if reversal signals are observed and confirmed in the support zone.
Sell: If the price fails to hold the support zone and the downtrend continues, selling is advisable.

Key Levels 🔑:
Pay attention to key support and resistance levels for setting stop-loss and take-profit orders.
Wait for confirmation of reversal patterns before entering a trade.
Overall, this chart indicates that TIA/USDT is in a downtrend, and traders should proceed cautiously, paying close attention to the support and resistance levels before making any trading decisions.

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TP.2 by confirmed of candles 🟢🟢