$TIMI (Last Price: $0.05600 | 24h Chg: +0.00%)
Market Overview
Neutral Day: The +0.00% change suggests zero net movement over 24 hours. The price is currently in an extended period of range-bound trading (search data indicates a -23.83% 7-day change, suggesting the price has been hammered recently and is now bottoming).
Trend: Short-term neutral/bottoming formation.
Key Levels & Next Move
Current Price: $0.05600
Key Support: The recent low and strong base of consolidation is near 0.05100.
Key Resistance: The key breakout resistance is 0.06300 (Day's Range High from search data).
Next Move: Expect sideways movement. Traders should wait for a clear break in either direction. A high-volume move above 0.06300 would signal a reversal.
Trade Targets (Reversal Setup)
Entry: Buy on a confirmed close above 0.06300 or a bounce off the 0.05100 support.
TG1: 0.07500 (Reclaiming a previous loss level)
TG2: 0.08798 (Testing the previous All-Time High)
TG3: 0.10000 (Major psychological target)
Short & Mid-Term Insights
Short-Term: Neutral. The current action is an accumulation/reversal attempt.
Mid-Term: Bullish only if the recent swing high of 0.06300 is decisively breached. Otherwise, caution is warranted.
Pro Tip
This is a reversal play. The $0.05100 - 0.06300 range is the war zone. Do not enter until the range is broken and the breakout is confirmed with a strong candle and volume.
