The price of Celestia's TIA cryptocurrency recently broke out from a descending trend and retested this level, indicating a potential for significant price growth.
Breakout from Descending Trend
TIA's price broke out of a descending trendline and retested it yesterday. Now, the price looks ready for a significant spike and a bullish reversal.
Analysis by CryptoMojo_TA
This breakout has caught the attention of analysts like CryptoMojo_TA on X. He shared his perspective on TIA's price, suggesting a potentially profitable long position.
Recommendations and Target Levels
The analyst recommends taking a long position at the current price of around $5.20. Potential targets range between $6.20 and $12.50. A dip below $4.6 invalidates the setup. It's advised to use no more than 3x-5x leverage.
The TIA price situation looks promising, and further movements could lead to significant profits. It's essential to consider market volatility when making investment decisions.
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