$TLM 1W HIGHER TIME FRAME UPDATE โ
๐ $TLM Technical Analysis: The market has endured a massive long-term dump, falling from historical levels near 0.032 down to roughly 0.002 over the last two years. After this prolonged decline, the price has entered a tight consolidation range, signaling that the extreme selling pressure is finally beginning to stabilize.
๐ Major Weekly Support Zone:
Buyers Defending: This zone is acting as a major floor where buyers are actively stepping in to prevent further downside.
The Opportunity: As long as this support holds, the downside remains limited, and the current consolidation can be viewed as an accumulation phase before a potential reversal.
๐ Bullish Confirmation Requirements: For a sustainable macro trend reversal to occur, the following milestones are needed:
Hold the Support: The price must firmly maintain its position within the green support zone without making new lower lows ๐ฅ
Reversal Candles: Confirmation of the final impulsive leg will be signaled by strong reversal candles on the weekly chart, such as a Bullish Engulfing or Hammer pattern at the support level ๐ฅ๐ธ
