A potential TLM deal.
Potential target marked above
Buy after a breakout or retest of the $0.35 level as support.
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In this chart,
I entered at the 0.382 fib level.
Looking at the macd indicator it is indicating a strong buy signal. Perhaps we can see a new swing high and really penetrate the resistance.
What are your thoughts?
The probable risk reward ratio here is 1:2 to 1:3.
In this chart I was able to ride from the fib retracement 0.786 and sold my position already.
I am now waiting for a pullback again around that area tomorrow August 29, or on August 30.
If we will be able to catch the bounce we may be able to ride till we hit the resistance area.
What do you think about it?
TLM has done the retest. Expecting a good rally of up to 50%.
Take entry from $0.2917 to $0.3109
We are going to accumulate this coin so use 2x to 5x leverage.
Targets will be:
Stop Loss: $0.2439
Note: This ain't financial advice. I have done my own research and trading at my own risk. So, do your own research before taking this...
TLM is a relatively new coin and I don't know much of the fundamentals but based on trend and pattern, it seems we have a descending triangle with a relative good risk/reward long on retest of a cup and handle/triple bottom setup on the lower time frame. We are re-entering from oversold region and looking towards 0.308 as the first TP. From there, 0.328~ and up.