Hello traders! Let's take a deep look at $TRIA /USDT Perp across multiple timeframes from 15m up to the 1D chart. Here is what the structure is telling us right now:
The Big Picture (1D & 8h Charts): The macro trend remains strongly bearish. TRIA has suffered a major sell-off from its recent highs of 0.034409 and is currently trading below key exponential moving averages (EMAs).
Short-Term Outlook (1h & 15m Charts): We are seeing potential signs of a short-term relief rally (pullback). The price has refused to break below the major support floor of 0.008995, potentially forming a temporary bottom. On the 15m chart, we notice lower wicks indicating that buyers are stepping in around the 0.010000 psychological level.
The Play: Expecting a short-term bounce towards the 0.010400 – 0.010800 zone to retest the 15m/1h EMA30 dynamic resistance. If it gets rejected there, the downtrend will resume to look for new lows. Tight risk management is mandatory!
Not Financial Advice (NFA). Trade safely and always protect your capital!
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