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ClubCryptoTraders
Jul 12, 2021 8:18 PM

TLM/USDT at a Bullish Zone Long

BINANCE:TLMUSDT240
TLM / TetherUSBinance

Description

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Reasons why I am bullish on this trade:

* TLM/USDT is testing 0.618 Fibonacci retracement.
* Bullish Moving Averages.
* RSI divergence
* Ascending Channel

Buying zone:
$0.1037 - $0.1104

Targets:
1 - $0.1350 (+24%)
2 - $0.1575 (+45.5%)
3 - $0.1666 (+54%)
4 - $0.19 (+76%)

Stop Loss:
$0.095 (-12%)

Trade closed: target reached

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Target 1 and 2 reached. RIGHT ON SPOT!

Trade closed: target reached

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Target 3 and 4 reached. Let's gooooooo!

Comment

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Disclaimer:

This is not financial advice. The only purpose of this post is to share an idea and to talk about it.
Always remember do your own research!
Trend AnalysisChart PatternsTechnical IndicatorsCryptocurrencyswingtradeTLMUSDTmooncryptotrader
Comments
GR_Crypto
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exellent call !!!
ClubCryptoTraders
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@GR_Crypto, Thanks!
PolarHusk
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Nice analysis here, thanks for sharing and I think this coin is getting ready again.
ClubCryptoTraders
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@PolarHusk, Yes, I just saw the same, my only worry is that Bitcoin can use 33K as resistance and than sink again to 29K or lower, I'm gonna wait to see how Bitcoin will react in the next hours and maybe I will trade TLM again.
thebubu
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I N C R E D I B L E !!!! Bravoooooo!!!!!!!!!!!!!!
ClubCryptoTraders
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@thebubu, Thanks!
Alam786
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Whats Next for TLM ?
ClubCryptoTraders
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@Alam786, We already past the big breakout/momentum, but there are still opportunities to trade TLM/USDT, I believe that if the price uses the $0.1915 area as support we would be looking to some good long trades (+40%), but right now I would wait to see how the market plays out.
Alam786
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Welldone sir
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