TLM/USDT Perfect bearish retest and Now looks bearish or Bullish#TLM/USDT Overview:-
$TLM current Price = $0.210
Overall This is also Bearish in LTF and In 2D time frame we can see Bearish Retest already done and Rejected from Resistance 1.
Now..?
As per chart if S1 break then we can see best entry around $0.151
This will also Bullish Retest level so Best time to Enter in $TLM
If $TLM break 1st Red TL then it will enter in Bull zone.
In Long Term it can hit $5 also.
Targets = Resistance
Support: $0.20/$0.151
TLMUSDT trade ideas
TLM - will history repeat itself?A wedge pattern is formed on the TLM chart. There was a similar scenario in November this year. In the event of a breakdown of the wedge, there could be a good buying opportunity. Last time after the breakdown of this pattern, there was a strong rally and the price went up by 120%. It will be interesting to see what happens this time.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
TLM - a falling wedge has formed on the chart!In the last idea, we marked the global picture on the TLM chart. And already then a descending wedge was forming. Now the pattern is still forming and the price is starting to squeeze near the upper boundary, which is a good signal - a signal for a breakdown!
In case of a breakdown or a retest of the upper boundary as support, there could be a good buying opportunity.
In the event of a false breakdown, close the trade and open a sell position.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Is TLM going to skyrocket❓❓❓In the last idea, we said that a break of the upper boundary of the wedge could be a good buying opportunity.
After the breakout, the price has already risen by 30%, which is a very good result.
A key level and a local support level can now be identified on the chart. The price is squeezed between these two levels. On the technical analysis side, the trend has reversed and it is worth looking for entry points to buy.
In case of a squeeze and breakout of the key level, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
TLM is trying to breakup the important resistanceAccording to 3D chart TLM broke the wedge recently and have a strong buyers, who are pushing the price up these days at resistance level.
In my perception two scenarios might happen:
1- Price squeeze up at resistance level and after breakup retest it as support level.
2- Rejection from this level, have a correction and a few days later try to break the resistance.
I believe in first idea and the trend shows it can break it up easily. It's the beginning of very strong bullish.
TLM will touch the $1 soon.
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P.S. This is not an advice to buy or sell, that's just an analysis that needs to considered too.
Always make your analysis before a trade.
TLMUSDT Local S/R| .618 Fibonacci| Price Action| Trend Evening traders,
Today’s analysis – TLMUSDT – trading towards a key level of support where a bounce is probable,
Points to consider,
- Price Action Corrective
- Local S/R Support
(.618 Fibonacci Confluence )
- Swing High Objective
- Low Volume
TLMUSDT’s immediate price action is corrective and is trading towards a technical trade location that has confluence with the Local S/R and the .618 Fibonacci, allowing for a long bias.
The swing high is the immediate objective, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx will be indicative of the next expansion.
Overall, in my opinion, TLMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson