$TLM Short Trade Signal
Technical Analysis:
The chart shows a strong, rapid vertical move followed by a clear rejection at the 24-hour high of $0.00533, indicated by the red candle with a long upper wick. This 'shooting star' type of candle, especially after a significant price pump, suggests that sellers have stepped in aggressively and have temporarily overwhelmed buying pressure, indicating a short-term reversal or cooling-off period is likely. The current price of $0.00504 is already down from the peak.
Trade Setup:
* Entry (Short): $0.00504 (or market entry after confirmation of breakdown below current consolidation)
* TP1 (Target Profit 1): $0.00487 (Previous immediate resistance/minor support)
* TP2 (Target Profit 2): $0.00461 (Mid-range of the large bullish candle/next minor support)
* SL (Stop Loss): $0.00535 (Just above the 24h high to manage risk against a continuation of the rally)
Short Outlook of Market:
The immediate outlook for TLM/USDT is bearish in the short-term (15-minute timeframe) due to the sharp rejection and volume profile at the high. The momentum of the initial pump has stalled. A drop to test the $0.00487 and potentially $0.00461 levels is expected before buyers may attempt another push up.
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