$TLM Here’s a detailed and easy to understand update for your short liquidation situation.

Short Liquidation Update.

A short liquidation of $2.108K occurred at $0.01434. This means there was a significant market event, where a lot of short positions got liquidated, which could lead to price movements. Let's break down the next steps.

Current Price Action.

The short liquidation at $0.01434 might cause a short term spike in price as traders react.

After a liquidation, it’s common for the price to briefly rise due to forced buying from liquidations, but it could also face a pullback once the buying pressure subsides.

Buy Zone

The ideal buy zone for $TLM could be around $0.01300 to $0.01350. This range offers a decent entry point as the price stabilizes after the short squeeze. Keep an eye on the price action for signs of stability.

Target.

Your first target should be $0.01600. This is a reasonable price point where the market could hit resistance due to previous price action.

A secondary target could be $0.01800, if the upward momentum continues strongly.

Stop-Loss.

Set your stop loss just below the recent support at $0.01200. This will help protect you if the price breaks down further. You can adjust the Stop loss as the price moves, but this level ensures you limit potential losses in case the market turns against you.

Risk Management Tips.

1. Size your positions wisely. Only trade with what you can afford to lose.

2. Keep an eye on market trends.

News and overall market sentiment can influence $TLM price movements.

3. Don’t chase the market.

If the price goes above your target zone, be patient and wait for the next opportunity.

In summary, watch the price action closely around $0.01300 - $0.01350 for the next entry point, aim for a target of $0.01600 - $0.01800, and protect yourself with a stop loss at $0.01200.

Keep it simple, stay safe, and trade wisely.

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