Jul. 16 at 8:13 PM
Yesterday's weakness and correction risks were neutralized by today's close above the VWAP. Momentum showed signs of recovery, but the trend cannot be confirmed without a close above 0.74. The 0.68-0.70 range should be monitored as a stop-loss level, while 0.74-0.78 stands out as the new target zone.
During the day, the 0.74 level was tested but volume confirmation was not observed. The close occurred above the VWAP at 0.71, which is a positive sign for the bulls. However, the 0.725–0.74 range has become a strong resistance zone. Momentum is gaining upward momentum, but the rally cannot be confirmed without a close above 0.74. Below, the 0.70–0.68 range is a critical liquidity pool. In the event of a volume-backed breakout, the target would be the 0.78–0.82 range.
$TNYA