A coin of $TLM shows signs of weakness after a clear bearish divergence formed on the 4-hour frame.
While the price tried to rise recently (circled in yellow), the indicator failed to register a higher high, confirming the decline in bullish momentum. In addition, the price faces strong selling rejection near dynamic moving-average resistance levels. Continued downside toward the main liquidity zones is the most likely technical path.
As long as the price trades below the most recent local high, the technical bias remains bearish.
🎯 Downside targets:
• 0.001723
• 0.001616
• 0.001519
❌ Invalidation: a 4-hour candle close with steady strength above 0.001900, which negates the bearish divergence pattern and restores the moving averages.
While the price tried to rise recently (circled in yellow), the indicator failed to register a higher high, confirming the decline in bullish momentum. In addition, the price faces strong selling rejection near dynamic moving-average resistance levels. Continued downside toward the main liquidity zones is the most likely technical path.
As long as the price trades below the most recent local high, the technical bias remains bearish.
🎯 Downside targets:
• 0.001723
• 0.001616
• 0.001519
❌ Invalidation: a 4-hour candle close with steady strength above 0.001900, which negates the bearish divergence pattern and restores the moving averages.