$TLM
🐻 $TLM just saw 4.3x selling volume, smart money exiting?
- With such a violent spike in volume and sell-off, the path of least resistance remains DOWN for now. I expect the price to test 0.002217 and potentially even 0.002107 if the selling does not quickly reverse 🟥
- If you’re considering a trade, a short setup can be taken on a weak retest of the 0.002545-0.002582 resistance cluster with entry in that area, and take profit at 0.002217, with further extension to 0.002107 if momentum continues
- Confirmation: WAIT for a bearish rejection candle or lower high on the 5m or 1m chart after a bounce. Do not enter blindly—let price show it cannot reclaim resistance. For aggressive traders, if price breaks 0.002217 with high volume, you could scalp down towards the next liquidity at 0.002107, but again, only with breakdown confirmation
- Stop-loss should always be set above the swing high of the rejection candle or above the structure high of the bounce
- If price rapidly reclaims 0.002545 and closes above it with strong buy volume, especially if there’s a reversal pattern, this could signal a failed breakdown and a move back up to 0.002775 and even toward the equilibrium at 0.002775
📝 This is not investment advice, just an educational report. Right now, I expect continued weakness and lower levels unless there’s a sharp reversal signal or evidence of accumulation at the current supports. Stay patient, look for clear confirmation, and never chase the move—let price show its hand first!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#TLM
🐻 $TLM just saw 4.3x selling volume, smart money exiting?
- With such a violent spike in volume and sell-off, the path of least resistance remains DOWN for now. I expect the price to test 0.002217 and potentially even 0.002107 if the selling does not quickly reverse 🟥
- If you’re considering a trade, a short setup can be taken on a weak retest of the 0.002545-0.002582 resistance cluster with entry in that area, and take profit at 0.002217, with further extension to 0.002107 if momentum continues
- Confirmation: WAIT for a bearish rejection candle or lower high on the 5m or 1m chart after a bounce. Do not enter blindly—let price show it cannot reclaim resistance. For aggressive traders, if price breaks 0.002217 with high volume, you could scalp down towards the next liquidity at 0.002107, but again, only with breakdown confirmation
- Stop-loss should always be set above the swing high of the rejection candle or above the structure high of the bounce
- If price rapidly reclaims 0.002545 and closes above it with strong buy volume, especially if there’s a reversal pattern, this could signal a failed breakdown and a move back up to 0.002775 and even toward the equilibrium at 0.002775
📝 This is not investment advice, just an educational report. Right now, I expect continued weakness and lower levels unless there’s a sharp reversal signal or evidence of accumulation at the current supports. Stay patient, look for clear confirmation, and never chase the move—let price show its hand first!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#TLM
