Technical analysis by King_BennyBag about Symbol TIA: Buy recommendation (5/31/2025)

Chart Overview- Pattern Identified: Falling Wedge Pattern- A bullish reversal pattern, often appearing after a downtrend.- Three major touchpoints on the lower trendline indicate strong support and pattern validity.Demand Zone (Support Area)- Marked near the current price level ($2.0309 - $2.6722)- Price is testing this zone for the third time.Supply Zone (Resistance Area)- Around ($6.6529 – $9.2734)- Multiple swing highs are plotted within or near this region, indicating strong historical resistance.Volume Profile (Right side of chart)- High volume node between $2.50 – $4.00 suggests price acceptance and a potential area for consolidation or resistance after breakout.- Low volume area between $4.50 – $6.50 implies less resistance, so price might move quickly through it.FVG (Fair Value Gaps)- Several FVGs (imbalance zones) are highlighted.- $3.8 – $4.05- $5.8236 – $6.1663- These zones often act as magnets for price, offering potential targets after breakout.📏 Fibonacci Levels- Pullback levels (0.28, 0.5, 0.618, 0.786) are marked.- Price may retrace toward these areas as part of the bullish structure.✅ Bullish Scenario- Breakout from the falling wedge pattern.- Price pushes into first FVG (~$3.8), then toward $5.8236 – $6.1663, eventually challenging the supply zone ($6.6529 – $9.2734)⚠️ Risks- If price breaks below the demand zone, it invalidates the wedge and opens room for further downside.- Falling wedge breakouts require confirmation (e.g., daily close above wedge resistance).📊 Summary- Bias: Bullish if support holds and wedge breakout occurs.- Trigger: Break and close above wedge resistance line.- Targets: $3.8 → $5.8 → $6.1 → $9.5- Invalidation: Daily close below the demand zone ($2.00 - $1.90)Please note this is not financial Advice. This is just an analysis!Price retested the demand zone point of $2.0309 and failed to break through, with 4 candles taking place with large wicks the bulls begin to gain strength.