TLMUSDT ✨ Double Bottom Reversal or Breakdown Continuation
We are at a very important level right now. We either get any of these 2 situations so be prepared:
Please note this is Daily Timeframe analysis so it will take longer to play out. Still, stay alert because we are at a current point of interest.
Make sure to risk a % of your entire portfolio and manage risk accordingly.
✨Kina ✨
- Double Bottom created with RSI Divergence confirming the bears power has been totally exhausted at this point and price will start reversing till next Supply zone.
Target Supply zone area: 0.020 - 0.021
- 2. We get a downwards momemtum candle breaking down current support area and it would most likely go to the next demand zone where buyers will be eager to buy cheaper.
Target Demand zone area: 0.013 - 0.012
Please note this is Daily Timeframe analysis so it will take longer to play out. Still, stay alert because we are at a current point of interest.
Make sure to risk a % of your entire portfolio and manage risk accordingly.
✨Kina ✨
Trade active:
So we've got the scenario 2 in which the breakdown happend and is most likely to end in the next demand zone: Target area 0.013 - 0.012
Trade closed: target reached:
TLM Reached the area we targeted so the trade has been a successful short!