$TMX has entered strong consolidation during the 1H timeframe after the explosive move from $0.06000 to $0.20074, where the price is now trading around $0.13577 and is trying to hold above the support zone at $0.12026.
$TMX /USDT — LONG
Trading Plan
Entry: $0.12800–$0.13600
SL: $0.11800
TP1: $0.15800
TP2: $0.18000
TP3: $0.20000
Why was this trade set up?
The 1H chart shows an exceptional bullish expansion from a base at $0.06000, followed by a sharp rejection from the top at $0.20074. Instead of breaking down immediately, the price formed a consolidation range between roughly $0.12000 and $0.15800.
The key level to watch is $0.12026. Holding this support keeps the short-term bullish structure intact, while a clear 1H close above $0.15800 strengthens the scenario for another move toward $0.18000 and the previous high near $0.20074.
A sustained 1H close below $0.11800 would invalidate this setup and indicate that the bullish structure is weakening. Due to extreme volatility, avoid chasing sudden vertical candles and manage risk carefully.
$TMX
#TMX
$TMX /USDT — LONG
Trading Plan
Entry: $0.12800–$0.13600
SL: $0.11800
TP1: $0.15800
TP2: $0.18000
TP3: $0.20000
Why was this trade set up?
The 1H chart shows an exceptional bullish expansion from a base at $0.06000, followed by a sharp rejection from the top at $0.20074. Instead of breaking down immediately, the price formed a consolidation range between roughly $0.12000 and $0.15800.
The key level to watch is $0.12026. Holding this support keeps the short-term bullish structure intact, while a clear 1H close above $0.15800 strengthens the scenario for another move toward $0.18000 and the previous high near $0.20074.
A sustained 1H close below $0.11800 would invalidate this setup and indicate that the bullish structure is weakening. Due to extreme volatility, avoid chasing sudden vertical candles and manage risk carefully.
$TMX
#TMX