$TLM Breaking Out of Symmetrical Triangle?
On the 12-hour timeframe, $TLM is testing the upper border of a symmetrical triangle pattern.
Momentum is building as price moves towards the previous local top,
signaling a potential bullish breakout.
If this momentum sustains, the next key targets are:
$0.017 as the first resistance zone
$0.022 as the extended bullish target
Key Observations:
Volume Spike: An increase in volume confirms bullish intent.
Trend Strength: RSI is climbing, indicating strong bullish momentum.
Support Levels: Immediate support at $0.0145 – a breakdown below could invalidate the setup.
Next Move:
Breakout Play: Watch for a clean breakout above the triangle and hold above $0.016 to confirm strength.
Enter longs with tight stop-losses below $0.0145.
Caution for Fakeouts: If price struggles near $0.017,
reduce exposure as a reversal might occur.
Stay alert and manage risk wisely. A breakout could bring explosive opportunities!
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