$TLM
🏋️ $TLM hit with 2.9x sell volume spike, is this over or just starting?
- Given the magnitude of the volume spike and the size of the drop, I expect a short-term relief bounce is possible, but the overall momentum favors further downside unless a clear reversal pattern is seen
- If you want to catch a short: wait for price to retest the 0.001773–0.001777 area, and look for a lower high with a strong bearish candle or a sign of rejection on the 5m chart. Entry example: after a bearish pin bar or engulfing around 0.001773, consider a short with take profit targets at 0.001561 and 0.001447. Place your stop at a swing high above the entry (for example, above 0.001800 or the most recent rejection high).
- If you want to try catching a reversal: wait for a hard sweep below 0.001447 with a quick reclaim and lower timeframe bullish engulfing or pin bar, then target first 0.001561 and then 0.001773 on a bounce. Put your stop just below the swing low of the liquidity grab.
- If price slices through 0.001447 without any reversal signs, expect more selling down to the 0.001153 / 0.001101 demand area—do not long blindly, only if you see a clear reversal structure. If price reclaims 0.001777 and holds above, bias flips bullish for a move back to 0.002107, but this is less likely given current market structure.
- Confirmation is everything: wait for a clear candle pattern or a structural shift (lower high for shorts, higher low for longs) on lower timeframes before entering. Don’t chase the move—let the price come to you and confirm your setup.
📝 This is not investment advice, only an educational analysis. Please use proper risk management and always wait for confirmation before entering any trade!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#TLM
🏋️ $TLM hit with 2.9x sell volume spike, is this over or just starting?
- Given the magnitude of the volume spike and the size of the drop, I expect a short-term relief bounce is possible, but the overall momentum favors further downside unless a clear reversal pattern is seen
- If you want to catch a short: wait for price to retest the 0.001773–0.001777 area, and look for a lower high with a strong bearish candle or a sign of rejection on the 5m chart. Entry example: after a bearish pin bar or engulfing around 0.001773, consider a short with take profit targets at 0.001561 and 0.001447. Place your stop at a swing high above the entry (for example, above 0.001800 or the most recent rejection high).
- If you want to try catching a reversal: wait for a hard sweep below 0.001447 with a quick reclaim and lower timeframe bullish engulfing or pin bar, then target first 0.001561 and then 0.001773 on a bounce. Put your stop just below the swing low of the liquidity grab.
- If price slices through 0.001447 without any reversal signs, expect more selling down to the 0.001153 / 0.001101 demand area—do not long blindly, only if you see a clear reversal structure. If price reclaims 0.001777 and holds above, bias flips bullish for a move back to 0.002107, but this is less likely given current market structure.
- Confirmation is everything: wait for a clear candle pattern or a structural shift (lower high for shorts, higher low for longs) on lower timeframes before entering. Don’t chase the move—let the price come to you and confirm your setup.
📝 This is not investment advice, only an educational analysis. Please use proper risk management and always wait for confirmation before entering any trade!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#TLM