TLM/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 0.3154, 0.3684, 0.4062.
Key Support Levels: 0.2734, 0.2391, 0.2200.
The price on the higher time frame found support around the 0.2400 USDT mark where 61.80% Fibonacci retracement is located. We can see the higher lows and the long wicks to the downside showing that we are in the beginning of a new impulsive wave to the upside.
TLM/USDT (Futures) Medium-Term Trend: Bullish
On the lower time frame, the market managed to break the descending channel to the upside after finding bulls around the 61.80% Fibonacci retracement level. A lower correction could be seen before a new impulsive toward the target profits.
Buy Limit Order @ 0.2685
TP 1 @ 0.3127
TP 2 @ 0.3684
Stop Loss @ 0.2466
Trade Safely 🙂