$TLM Short 📉
Entry Zone: 0.002950 - 0.003120
Stop Loss: 0.003280
Take Profit Targets:
∙ TP1: 0.002730
∙ TP2: 0.002300
∙ TP3: 0.002000
Bearish Setup: ⚠️
TLM recently experienced a sharp pump to 0.003534, immediately followed by an aggressive rejection. This created a clear pump and dump pattern, with the initial surge fueled by unsustainable volume that is now rapidly declining. Consolidation is occurring just below the rejection zone.
The MA(7) is currently above MA(25), but a bearish cross appears imminent as momentum has completely faded. A significant long wick at the top indicates strong selling pressure, coupled with decreasing volume on recent green candles. The price structure looks weak.
Many late buyers who chased the spike are now underwater. If TLM fails to hold the 0.00295 support level, a clear path opens towards retesting the 0.001994 breakout point. Longer-term charts confirm TLM remains in a major downtrend, making relief rallies potential shorting opportunities.
