TLM near Golden Pocket/Support
Updated
TLM (Alien Worlds) showed up on my radar purely because of its massive ~82% increase in daily Volume over the past 24 hours.
Closer inspection of the chart satisfied quite a few of my trade criteria:
#1 Channel formed since 9-ish of January
#2 Price approaching the Golden Pocket
#3 Price rocketed through a Resistance Channel which has been tested a few times (i.e. January 8th and 12-13th)
#4 Price couldn't break through the top of Parallel Channel
My targets if the price breaches Support Channel that is also the Golden Pocket (0.65 to 0.618):
First Target 0.5 (~0.178$)
Second Target 0.382 (~0.17440$)
When in trade I keep to a strict Risk Management plan and keep an eye on BTC
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
TLMUSDT
TLMPERP
TLMUSDTPERP
Closer inspection of the chart satisfied quite a few of my trade criteria:
#1 Channel formed since 9-ish of January
#2 Price approaching the Golden Pocket
#3 Price rocketed through a Resistance Channel which has been tested a few times (i.e. January 8th and 12-13th)
#4 Price couldn't break through the top of Parallel Channel
My targets if the price breaches Support Channel that is also the Golden Pocket (0.65 to 0.618):
First Target 0.5 (~0.178$)
Second Target 0.382 (~0.17440$)
When in trade I keep to a strict Risk Management plan and keep an eye on BTC
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
TLMUSDTTLMPERPTLMUSDTPERPNote
Both Targets reached
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