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TIAUSDT: Watch for Bearish Reversal Signals

Short
BINANCE:TIAUSDT   TIA / TetherUS
πŸ“Š Overview:
TIAUSDT, following a brief consolidation post-bullish trend, shows potential for a bearish reversal. Bearish divergence on 1-hour and 4-hour timeframes, along with a forming head & shoulders pattern on the 1-hour chart, raises caution of a downward move.

πŸ“ˆ Technical Analysis:
Bearish signals include divergence on multiple timeframes and a developing head & shoulders pattern, suggesting a potential shift in trend.

πŸ“‰ Trade Strategy:
Traders should await confirmation signals, considering short positions on a break below the head & shoulders pattern neckline or further bearish divergence.

πŸ›‘ Risk Management:
Mitigate risks with strategic stop-loss orders to safeguard against unexpected price movements.

πŸ“‰ Conclusion:
TIAUSDT's recent signals hint at a potential bearish reversal. Traders should closely monitor for confirmation, considering short positions based on confirmed signals.
Trade active
Trade closed: stop reached:
Unfortunately Stop Loss Hit, Market doesn’t perform as per analysis.

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