$TMX (TermMax) is showing a highly volatile bullish structure on the 15-minute chart, but the recent +146% surge means traders should be alert to sharp pullbacks. Price is around $0.1477 and is holding above both the 7-period MA ($0.1442) and 25-period MA ($0.1460), suggesting short-term momentum is attempting to stabilize after the rejection from $0.1700.
The first major support sits near $0.1399, followed by $0.1291 and the stronger swing-low area around $0.1208. Holding $0.1399 would keep the near-term recovery structure intact. On the upside, $0.1508 is the immediate resistance. A convincing 15-minute close above this zone, supported by rising volume, could open the way toward $0.1616 and then the recent high near $0.1700.
Momentum remains constructive, but volume has cooled considerably from the earlier breakout, so chasing candles at elevated levels carries higher risk. The ideal trading window is after a confirmed breakout above $0.1508 with strong volume, or a controlled pullback that holds $0.1399 and produces a bullish reversal candle. If $0.1399 fails decisively, the setup weakens and $0.1291 becomes the next downside area.
Overall, TMX remains bullish above $0.1399, but confirmation is essential given its extreme recent volatility. Because TMX is newly listed, price discovery may remain unstable.
#Write2Earn #TMX
The first major support sits near $0.1399, followed by $0.1291 and the stronger swing-low area around $0.1208. Holding $0.1399 would keep the near-term recovery structure intact. On the upside, $0.1508 is the immediate resistance. A convincing 15-minute close above this zone, supported by rising volume, could open the way toward $0.1616 and then the recent high near $0.1700.
Momentum remains constructive, but volume has cooled considerably from the earlier breakout, so chasing candles at elevated levels carries higher risk. The ideal trading window is after a confirmed breakout above $0.1508 with strong volume, or a controlled pullback that holds $0.1399 and produces a bullish reversal candle. If $0.1399 fails decisively, the setup weakens and $0.1291 becomes the next downside area.
Overall, TMX remains bullish above $0.1399, but confirmation is essential given its extreme recent volatility. Because TMX is newly listed, price discovery may remain unstable.
#Write2Earn #TMX
