TLM / TetherUSLong
TLM/USDT breakdown analysis
TLM/USDT breakdown analysis
TLM/USDT has recently broken down from a descending channel, which suggests a bearish outlook in the short term. This breakdown could indicate a continuation of selling pressure, potentially leading to further price declines.
Key observations:
1. Descending channel breakdown: The price has moved below the channel, signaling increasing bearish momentum. This often points to a retest of lower support levels.
2. Short-term outlook: TLM is likely to face further downward pressure. Traders should remain cautious in the short term.
3. Critical support zones: Watch for key support areas where the price may stabilize or attempt a bounce.
If you are holding TLM/USDT or planning a trade, ensure you apply proper risk management and avoid overleveraging. Stay patient and wait for confirmation of the next move. This is not financial advice—always do your own research (DYOR).
TLM/USDT has recently broken down from a descending channel, which suggests a bearish outlook in the short term. This breakdown could indicate a continuation of selling pressure, potentially leading to further price declines.
Key observations:
1. Descending channel breakdown: The price has moved below the channel, signaling increasing bearish momentum. This often points to a retest of lower support levels.
2. Short-term outlook: TLM is likely to face further downward pressure. Traders should remain cautious in the short term.
3. Critical support zones: Watch for key support areas where the price may stabilize or attempt a bounce.
If you are holding TLM/USDT or planning a trade, ensure you apply proper risk management and avoid overleveraging. Stay patient and wait for confirmation of the next move. This is not financial advice—always do your own research (DYOR).
🚀 Join My Telegram Community for FREE trading signals, entry/exit points, and instant updates!
👉 t.me/cryptobyghazii
🔥 For quick scalping & high volatility trading, Join Me Here
👉 t.me/qaisranitrades
👉 t.me/cryptobyghazii
🔥 For quick scalping & high volatility trading, Join Me Here
👉 t.me/qaisranitrades
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.