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TLM/USDT (Futures) Potential Upward Movement

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.

Daily Chart:

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

4-Hour Chart:

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.

Signal Idea:

Buy Stop Order @ 0.1973

TP 1 @ 0.2279

TP 2 @ 0.2573

Stop Loss @ 0.1821

Trade Safely 🙂

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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