TIA/USDT 4H
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Celestia is a project that has a lot of potential this Bullrun, we saw an early surge in the beginning of the year once the project was released nearly one year ago. A modular blockchain network, first of its kind is an exciting new technology and we've seen how well new projects do during their first Bullrun often outperforming their older rivals.
I would like to see the bullish pennant formation playing out now. The bearish downtrend breakout caused by a republican victory results in a breakout & retest of the BULLISH OB as new support. Now a bullish pennant has formed midway up the mini range, normally this is a continuation pattern and with the bullish narrative in play I think it's probable we see this pattern play out fully with the resulting rally hitting resistance around the $6 mark (BEARISH OB).
IF deciding to take the trade once the parameters are met a conservative 2.25R trade is in play, once the first TP is hit the larger SL can be moved to Break Even. I do believe that TIA continues to move beyond the $6 mark however there is a lot of resistance there for now. A separate trade outlook will be needed to tackle that area.
I would like to see the bullish pennant formation playing out now. The bearish downtrend breakout caused by a republican victory results in a breakout & retest of the BULLISH OB as new support. Now a bullish pennant has formed midway up the mini range, normally this is a continuation pattern and with the bullish narrative in play I think it's probable we see this pattern play out fully with the resulting rally hitting resistance around the $6 mark (BEARISH OB).
IF deciding to take the trade once the parameters are met a conservative 2.25R trade is in play, once the first TP is hit the larger SL can be moved to Break Even. I do believe that TIA continues to move beyond the $6 mark however there is a lot of resistance there for now. A separate trade outlook will be needed to tackle that area.
Nota
SL moved to BE now that TIA has pushed past TP1
BTC looking strong so TP2 is still on the table, need LTF bullish structure to hold.
Dagangan ditutup: sasaran tercapai
Final TP hit!
I fully expect TIA to continue from here however the trade is complete.
Penafian
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