In technical analysis, when price breaks above a resistance level, that level transforms into a key flip support level, which becomes the new primary level to watch for future price movements; traders should buy when price respects this level with bullish confirmation, targeting the next level, or sell when price breaks below it after retesting.
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TIA Coin Price Prediction | Massive Breakout Setup Forming #tia #tiacoin #celestia #cryptoHinzugefügt:
Welcome back traders. Today we are back on TIA, and if you missed our previous analysis, make sure you check the video on this channel.
As we all know, in our previous analysis, we talked about the key flip support level around 0.33, where I said if price respected this level, we were going to look for a buy targeting around 0.42.
So, what happened traders? As you can see, price almost came back multiple times to that key flip support level around 0.33, but price never gave us the full retest entry. Instead, the market continued showing strong bullish momentum and eventually broke above our target around 0.42.
This now means that the key level around 0.42 has flipped from resistance into support, and it is now our new main key level to watch on TIA. Here's what I'm watching next.
If price comes back to this key flip support level around 0.42, respects it, and gives us a bullish candlestick confirmation, then we are going to look for a buy targeting around 0.52.
On the other hand, if price fails to hold this level and breaks below it, then the structure will change from support back to resistance. In that case, we will wait for a retest of that broken level and look for a sell targeting around 0.33. To summarize everything, the key flip support level around 0.42 is now our main level to watch on TIA. Respect it, we buy targeting 0.52. Break it, we wait for a retest and look for sells toward 0.33.
Stay disciplined, manage your risk, and I'll see you in the next update.
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