🔥$TLM -8.5% dump on 817x volume looks like heavy selling pressure, not noise
🚨my bias is bearish here on the 15m after that 817x volume flush this reads as distribution into the wick, not a clean panic-bottom print
the move is counter-trend versus daily, weekly and BTC (all still bullish), so I only take shorts after a relief bounce and a clear rejection, not by chasing the dump
I expect price to probe 0.001439 then 0.001411 first if the rebound fails; any bounce I look for first into 0.001481–0.001528 (then 0.001561) as the short zone
entry: fade 0.001481–0.001528 only after a 15m rejection (bearish engulf, pin from that band, or a lower-timeframe break of the bounce structure); TPs in order 0.001439 then 0.001411
place protection beyond the structure flip / last swing high a 15m close above 0.001595 flips this bias bullish and I stand down 📉
🚨my bias is bearish here on the 15m after that 817x volume flush this reads as distribution into the wick, not a clean panic-bottom print
the move is counter-trend versus daily, weekly and BTC (all still bullish), so I only take shorts after a relief bounce and a clear rejection, not by chasing the dump
I expect price to probe 0.001439 then 0.001411 first if the rebound fails; any bounce I look for first into 0.001481–0.001528 (then 0.001561) as the short zone
entry: fade 0.001481–0.001528 only after a 15m rejection (bearish engulf, pin from that band, or a lower-timeframe break of the bounce structure); TPs in order 0.001439 then 0.001411
place protection beyond the structure flip / last swing high a 15m close above 0.001595 flips this bias bullish and I stand down 📉