๐ Current Price Action movement for coin $TLM
The price formed a double bottom and a strong rebound from the 0.001300$ level, which represents a reversal price behavior. The current momentum is bullish and aims to break through the previous bearish highs to change the structure (MSB) to an uptrend.
๐ Technical trading plan for the rebound phase
๐ฅ Entry zone: between 0.001495$ and 0.001530$ (prefer buying on minor pullbacks to re-test nearby supports).
๐ฏ First target: 0.001693$ (a nearby horizontal resistance level).
๐ฏ Second target: 0.001879$ (the correction zone of the middle portion of the bearish wave).
๐ฏ Third target: 0.002044$.
๐ Stop loss: a 4-hour candle close below 0.001380$
The price formed a double bottom and a strong rebound from the 0.001300$ level, which represents a reversal price behavior. The current momentum is bullish and aims to break through the previous bearish highs to change the structure (MSB) to an uptrend.
๐ Technical trading plan for the rebound phase
๐ฅ Entry zone: between 0.001495$ and 0.001530$ (prefer buying on minor pullbacks to re-test nearby supports).
๐ฏ First target: 0.001693$ (a nearby horizontal resistance level).
๐ฏ Second target: 0.001879$ (the correction zone of the middle portion of the bearish wave).
๐ฏ Third target: 0.002044$.
๐ Stop loss: a 4-hour candle close below 0.001380$