TLM / TetherUSUpdated TLMUSDT 🤔 Downtrend continuation or REVERSAL
Hey guys!
We'll be monitoring for the bears to get exhausted we've got a couple of exhaustion candles in the daily timeframe and in the lower timeframes price is consolidating.
Reversal Bullish Scenario:
Target 0.012 safely as 0.014 has turned into a possible supply zone so I only expect to see a slow recovery short term.
0.015 is the key level which had the highest volume traded so I believe price would re-test this level but we need confirmation.
Bearish Continuation:
No man's land price would create newer and lower lows so trade can be open and moving SL into entry as soon as in profits safely. This would get trigger if the 0.010 level won't hold and support trades below it.
Keep it Shiny and remember always question everything
Kina 🤔
We'll be monitoring for the bears to get exhausted we've got a couple of exhaustion candles in the daily timeframe and in the lower timeframes price is consolidating.
Reversal Bullish Scenario:
Target 0.012 safely as 0.014 has turned into a possible supply zone so I only expect to see a slow recovery short term.
0.015 is the key level which had the highest volume traded so I believe price would re-test this level but we need confirmation.
Bearish Continuation:
No man's land price would create newer and lower lows so trade can be open and moving SL into entry as soon as in profits safely. This would get trigger if the 0.010 level won't hold and support trades below it.
Keep it Shiny and remember always question everything
Kina 🤔
Trade active
Price is almost near bullish reversal target 0.012 upto 0.014Let's gooo
Trade closed: target reached
Target 0.012 REACHED so either close trade and risk a % for 0.014 before a pullback or rejection to the zone
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.