To be honest, $TLM I've been watching these past few days. As it pushed into the resistance zone, the volume clearly started to shrink, along with a high-level MACD dead cross signal. The bullish momentum is already unable to keep up. Don’t look at how sharply it rallied earlier—this is a typical supply zone at this level, with sell pressure starting to pile up. I already have a short order placed; I’ll add another piece after the rebound is confirmed.
The logic is simple: after sentiment peaks, it will most likely pull back to test support. The odds of shorting from here are far more comfortable than chasing the rally. The key is whether this hourly candle can close back below the resistance; if it can’t hold, it will likely set off another round of downside probing. After that, I’ll take profit in batches.
🔴 Trade direction: Short
📍 Entry range: 0.00310 – 0.00316
🛑 Stop loss: 0.00330
🎯 Take profit 1: 0.00290
🎯 Take profit 2: 0.00265
🎯 Take profit 3: 0.00235
#TLM
Click below to trade👇👇👇
The logic is simple: after sentiment peaks, it will most likely pull back to test support. The odds of shorting from here are far more comfortable than chasing the rally. The key is whether this hourly candle can close back below the resistance; if it can’t hold, it will likely set off another round of downside probing. After that, I’ll take profit in batches.
🔴 Trade direction: Short
📍 Entry range: 0.00310 – 0.00316
🛑 Stop loss: 0.00330
🎯 Take profit 1: 0.00290
🎯 Take profit 2: 0.00265
🎯 Take profit 3: 0.00235
#TLM
Click below to trade👇👇👇