🚨 $TLM ‌ – increased pressure ahead of a possible breakdown 🚨



📉 Short sell trade
📍 Entry: 0.00202
🎯 Target: 0.001822
🛑 Stop-loss: 0.002416

📊 On the 4-hour timeframe, we observe a sharp price squeeze—this is a historical pattern that precedes violent moves. My overall bias on the major timeframes is bearish with 80% confidence.

🔻 The two moving averages, EMA20 and EMA50, are converging directly above the price, forming a double resistance zone that often leads to bearish pullbacks.

📉 Trading volumes are low and the range is narrowing—this suppressed energy usually bursts in the direction of the prevailing trend. With the bearish structure still continuing since the last major wave, a break of 0.00200 will be strong confirmation of the move.

❓ Are you waiting for the pattern to break, or have you already entered the trade?

⚠️ Disclaimer: This is not financial advice. Risk management is the foundation of success.

#TLM #ShortSetup #VolatilityCompression #Crypto”
TLM-2.71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
ThePhoenix'sPathToRecouping
· 07-20 11:39
SUI
View OriginalReply1
  • Pinned