$TIA - SHORT Setup
Entry: 0.4670 – 0.4690 (On rejection from this resistance zone)
Target 1:0.4600
Target 2:0.4550
Stop Loss:0.4710 (Above the 24h high)
My View:
TIA is in an extreme and persistent downtrend across all timeframes,with catastrophic losses over the past year (-90.40%) and 90 days (-68.96%). The price is currently in a weak retracement, approaching a defined supply area. This zone is capped by the 24h high (0.4674) and aligns with a prior breakdown level. The order book shows a near-balanced volume but with immediate Ask liquidity present, indicating selling pressure is ready to engage. Price action shows a clear breakdown structure, and the current bounce lacks conviction, characteristic of a corrective move within a larger bear trend. The plan is to enter a short position on a confirmed rejection from the defined resistance area, anticipating a continuation of the primary downtrend towards the 24h low and potentially lower support levels.
Bias: Bearish below 0.4690. A break and hold above 0.4710 would indicate a stronger corrective bounce is in play.
Disclaimer:My plan. Not advice. Trade your own risk.
