TIAUSDT: Is the Next Big Move Coming?

12 oct

Yello Paradisers! Are you ready to catch the next potential breakout in #TIAUSDT? This might just be the moment to take notice before the market moves sharply. Let's dive into the latest price action and what we can expect next.

💎#TIAUSDT recently shifted its market structure, showing a formation of a higher high. This is significant because, on the larger time frames, TIAUSDT had been consistently forming lower lows and lower highs—a typical bearish trend. But something interesting has happened: it broke above its previous lower high, closed above it, and retraced back to form what looks like a probable higher low.

💎The retracement aligns perfectly with the 0.618-0.66 Fibonacci retracement zone, which is often a key area of support in bullish setups. TIAUSDT is also respecting an ascending support trendline, a positive signal that the bulls are still in control.

💎Even more intriguing is the recent Change of Character (ChoCH), which indicates that the trend could be flipping to bullish. The probability now suggests that TIAUSDT might be on the verge of a liquidity grab below the trendline, followed by a move towards its previous higher high at 6.66, where the first significant resistance lies.

💎If TIAUSDT manages to break above 6.66, the next major resistance zone to watch is between 7.384 and 7.84. This area could pose strong resistance, so it’s crucial to keep a close eye on price action if we reach that level.

💎However, be cautious—this bullish scenario would be invalidated if we see a candle close below the key support at 4.487.

Stay sharp, Paradisers, and keep this key support level in mind as we watch TIAUSDT potentially make its next big move!

MyCryptoParadise
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