Technical analysis by mbaberhanif about Symbol TIA: Buy recommendation (5/19/2025)

This chart of TIA/USDT on the 4-hour timeframe. Here's a breakdown of the chart and what it's suggesting: 1. Pattern: Ascending Channel The price appears to be moving within an ascending channel (marked by two parallel trendlines). The support and resistance levels of the channel are well defined, suggesting a bullish structure overall. 2. Current Price Action Price is currently at $2.536, nearing the lower boundary (support) of the ascending channel. There is a blue curved arrow, suggesting a bullish bounce off the support line and a move toward the upper boundary of the channel. 3. Trade Setup (Long Position) Entry Zone: Near current level ($2.53), just above the support. Stop Loss (Red Box): Below the channel support, around $2.15. Target (Green Box): Near the top of the channel, around $3.80. This sets up a favorable risk-to-reward ratio ( 1 : 5.5 )). 4. Support & Resistance Key Support: ~$2.15 (stop-loss level), channel bottom. Immediate Resistance: ~$2.75 (mid-channel zone). Major Resistance (Target): ~$3.80 (channel top). Conclusion This chart suggests a bullish trade idea, based on: Price rebounding from the bottom of a rising channel. Strong risk-reward setup (target ~$3.80, stop ~$2.15). If the support fails, the setup is invalidated with limited downside risk.