$TLM has been grinding down inside a textbook descending triangle for weeks — price is now pressed right against the trendline at 0.00159, decision zone marked and loaded.
This is the exact spot where descending triangles either break down hard or trap the shorts with a fake breakdown before reversing. Volume's been drying up into this apex, which usually means the move — whichever direction — comes fast.
Watch 0.00157 as the floor. Lose it with volume and this continues the bleed toward new lows; reclaim and hold above the trendline and shorts get squeezed back toward 0.0019.
This is just my personal opinion, not financial advice.
TLM and $ALICE WILL FOLLOW #ace
This is the exact spot where descending triangles either break down hard or trap the shorts with a fake breakdown before reversing. Volume's been drying up into this apex, which usually means the move — whichever direction — comes fast.
Watch 0.00157 as the floor. Lose it with volume and this continues the bleed toward new lows; reclaim and hold above the trendline and shorts get squeezed back toward 0.0019.
This is just my personal opinion, not financial advice.
TLM and $ALICE WILL FOLLOW #ace