TLM/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 0.2279, 0.2573, 0.2600.
Key Support Levels: 0.1955, 0.1900, 0.1850.
The price on the higher time frame found support around the 0.1973 USDT mark where huge wicks are left to the downside. Higher lows has been seen as well where a potential reversal and a move to the upside might begin signaling the end of a pullback.
TLM/USDT (Futures) Medium-Term Trend: Bullish
On the lower time frame, the coin succeeded to break the descending channel formation to the upside after posting a double bottom near the support level. We have a 61.80% Fibonacci retracement level where buyers took control of the market and pushed to the upside. Further movement upward is expected in the coming hours.
Buy Stop Order @ 0.1973
TP 1 @ 0.2279
TP 2 @ 0.2573
Stop Loss @ 0.1821
Trade Safely 🙂