TIA - Short Squeeze Incoming?
Here was my last chart on Tia:
https://www.tradingview.com/chart/TIAUSDT/KKWVjNPk-TIA-Prepping-Bull-Market/
Tia has a huge token unlock being released at the end of October. This has lead to lots of short positions on speculation of these new tokens being dumped on the open market. Therefore, will TIA be able to create a short squeeze to shakeout these positions?
The chart right now very much looks like that could be a possibility. We have been in this falling wedge for quite sometime (white trendlines). Recently, we had a breakout and a successful retest. After creating a short term double top price came back to test the trendline and is currently respecting it as new support.
If this continues to hold and price bounces from this level, we could go up to the technical target of almost $9 (yellow line).
https://www.tradingview.com/chart/TIAUSDT/KKWVjNPk-TIA-Prepping-Bull-Market/
Tia has a huge token unlock being released at the end of October. This has lead to lots of short positions on speculation of these new tokens being dumped on the open market. Therefore, will TIA be able to create a short squeeze to shakeout these positions?
The chart right now very much looks like that could be a possibility. We have been in this falling wedge for quite sometime (white trendlines). Recently, we had a breakout and a successful retest. After creating a short term double top price came back to test the trendline and is currently respecting it as new support.
If this continues to hold and price bounces from this level, we could go up to the technical target of almost $9 (yellow line).
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