TLM is sitting precariously at 0.00155, right on the edge of a crucial support zone that's been swept multiple times - if it breaks, we're looking at a potential free fall. The higher timeframe (HTF) is bearish, and the Relative Strength Index (RSI) is hovering at 47, indicating a lack of momentum to the upside. The volume is also eerily low at 0.2x, which suggests a lack of conviction from buyers.
From a technical standpoint, we're seeing a clear OB+FVG Sandwich zone, which is a high-probability shorting area. The price is currently trading at 0.00155, and I'm expecting a move down to at least 0.00149, with a potential second target at 0.00140. The risk-reward ratio for these targets is 2.8x and 7.1x, respectively.
Here are the trade levels:
* Entry: 0.00155
* TP1: 0.00149 (RR 2.8x)
* TP2: 0.00140 (RR 7.1x)
* SL: 0.00157
I'm shorting $TLMUSDT with a tight stop loss, targeting 0.001486. If you're following along, make sure to keep a close eye on the order book and be prepared to adjust your strategy as needed. Let's ride this wave down!
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