$TLM
🔴 TLM/USDC: Massive Pump But Looks Bearish Now! 🚨
TLM just showed a massive bullish move today, pumping over +85% and hitting a high of 0.001892! 🚀 However, looking at the 15m chart, it's starting to lose momentum and faces strong rejection at the top.
Why a correction is coming:
Overextended Rally: A sudden vertical pump like this almost always leads to heavy profit-taking.
Rejection Candles: Sellers are stepping in near the local top, creating long upper wicks.
Cool-down Needed: Indicators are heavily overbought, meaning a healthy retracement is highly likely.
📉 Technical View:
Current Price: Around 0.001656
Potential Downside Targets: 0.001409 | 0.001235
#TLM
🔴 TLM/USDC: Massive Pump But Looks Bearish Now! 🚨
TLM just showed a massive bullish move today, pumping over +85% and hitting a high of 0.001892! 🚀 However, looking at the 15m chart, it's starting to lose momentum and faces strong rejection at the top.
Why a correction is coming:
Overextended Rally: A sudden vertical pump like this almost always leads to heavy profit-taking.
Rejection Candles: Sellers are stepping in near the local top, creating long upper wicks.
Cool-down Needed: Indicators are heavily overbought, meaning a healthy retracement is highly likely.
📉 Technical View:
Current Price: Around 0.001656
Potential Downside Targets: 0.001409 | 0.001235
#TLM