TIA — Careful, This Is Not The Bottom!From a chart perspective, one can interpret that TIA has found its bottom after declining ~75%.
• The level at ~4.5 served as a solid support.
• The curve has flattened lately
• Volume increase at the bottom
However, one essential aspect is why I won't touch this token!
According to its vesting plan, the project will unlock 16.5% of its total tokens at the end of October.
In other words, circulating tokens will increase by ~35% from one day to the other.
Therefore, it is likely that we will encounter intense sell pressure before the event (people try to sell before the supply increases) and also after the event.
Please keep that in mind when trading/investing!
