Today’s analysis – TLMUSDT – trading in an ascending triangle where continuation to the Daily S/R is probable,
Points to consider, - Price Action Trending - Dynamic S/R Support - Range High Resistance - Daily S/R Objective - Low Volume
TLMUSDT’s immediate price action is respecting its Dynamic S/R Support, where the apex is approaching, leading to a potential break.
The Range High is current resistance, breaking this level will make the Daily S/R the objective, exceeding this level will lead to a trend continuation.
The current volume is below average, an influx is highly imminent once the break occurs.
Overall, in my opinion, TLMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
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“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
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