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TLM/USDT (Futures) Potential Upward Movement

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.

Daily Chart:

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

1-Hr Chart:

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.

Signal Idea:

Buy Limit Order @ 0.2685

TP 1 @ 0.3127

TP 2 @ 0.3684

Stop Loss @ 0.2466

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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