#TIA/USDT Short 1 H

#TIA

The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary, heading towards a breakout. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

There is a key resistance zone in green at 0.3400, which the price has bounced off several times, making it a strong support level.

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: 0.3100
Target 1: 0.3015
Target 2: 0.2953
Target 3: 0.2892

Stop Loss: At the resistance zone in green.

Remember this simple rule: Manage your money wisely.

For any questions, please leave a comment.

Thank you.