TLMUSDT (4H) - Bearish breakoutHi Traders
TLMUSDT (4H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 0.0093 support level. Only the upward break of 0.0105 would cancel the bearish scenario.
Trade details
Entry: 0.0093
Stop loss: 0.0105
Take profit 1: 0.0086
Take profit 2: 0.0074
Score: 7
Strategy: Bearish breakout
TLMUSDT trade ideas
TLMUSDT ✨ Double Bottom Reversal or Breakdown ContinuationWe are at a very important level right now. We either get any of these 2 situations so be prepared:
Double Bottom created with RSI Divergence confirming the bears power has been totally exhausted at this point and price will start reversing till next Supply zone.
Target Supply zone area: 0.020 - 0.021
2. We get a downwards momemtum candle breaking down current support area and it would most likely go to the next demand zone where buyers will be eager to buy cheaper.
Target Demand zone area: 0.013 - 0.012
Please note this is Daily Timeframe analysis so it will take longer to play out. Still, stay alert because we are at a current point of interest.
Make sure to risk a % of your entire portfolio and manage risk accordingly.
✨Kina ✨
CODE for a trading bot in need of correctionhello everyone, i wrote a code for a bot i want to create but will need help in correcting some few erros as i cannot get it to work with trading view.
here it is:\
//@version=5
study("My Indicator")
// Define EMA variables
ema50 = ema(close, 50)
ema200 = ema(close, 200)
// Define ADX variable
adxVal = adx(14)
// Define RSI variable
rsiVal = rsi(close, 14)
// Buy Signal
if (ema50 > ema200 and adxVal > 30 and rsiVal < 70 and volume > average(volume, 50))
strategy.entry("Buy", strategy.long)
// Sell Signal
if (ema50 < ema200 and adxVal < 30 and rsiVal > 70 and volume > average(volume, 50))
strategy.entry("Sell", strategy.short)
TLM breakthrough - up we go !Its the same old pattern that we are seeing again and again
200 day moving average (green line) is the key
Prices move up to it, pull back to retest it and then rocket up soon after
This time it is TLMs turn to move
So specific price targets - pick your own. enjoy the ride
TLM IS STILL BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the TLM symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$TLM - 4X Potential - Low Cap P2E Alien Worlds is a simulated economy where players compete using NFTs. In the metaverse, economic competition and collaboration are encouraged and promoted between players – which would be done by incentivizing players to compete for the scarce resource, Trilium (TLM).
TLM is required to control competing Decentralized Autonomous Organisations (known as ‘Planet DAOs’) and gain access to further gameplay. Thus, thriving on both incentive and competitive mechanisms, Planet DAOs and players compete for TLM – leading to intense competition and collaboration between stakeholders.
Competitors : $MANA $SAND $AXS
Technicals:
Close above 200D MA &
Flip S/R around 0.025 then it's getting
SENT.
Support Levels - 0.02010 , 0.01665
Next Resistance - 0.028 , 0.041, 0.067