Technical Analysis: TLM/USDT (Daily Chart)



1. Trend Direction



• The chart shows that the price is showing signs of recovery after a long-term downtrend.


• The price broke a downtrend line and started an upward movement.


• There are positive signals that an upward trend has begun in the short term.



2. Support and Resistance Levels



• Main Support Zones: The range of 0.01022 - 0.01089 stands out as areas that can provide strong support in case the price experiences downward pressure.


• Main Resistance Levels:


• 0.01203: First significant resistance level.


• 0.01402: Breaking this level may support the continuation of the rise.


• 0.01713: It stands out as the big target and profit realization can be made at this level.



3. Formations and Formation Reversals



• Trend Line Break: If the price breaks the downtrend line upwards, it can be considered as a positive formation reversal signal.


• Potential Uptrend: This breakout could be a strong signal that could support the price to move upwards.



4. Indicators



• Moving Averages: The 50-day moving average and the 200-day moving average act as resistance and support in key areas of the price. If the price holds above the moving averages, the rise may continue.


• RSI (Relative Strength Index): The RSI indicator may be showing overbought or oversold areas. Current levels should be watched carefully to confirm bullish momentum.



5. Target and Prices



• Short Term Target: The 0.01203 level can be considered as the first target.


• Medium Term Target: A gradual rise towards the 0.01402 level can be expected.


• Long Term Target: The 0.01713 level is a level where profit can be taken as the main resistance.



6. Strategy and Recommendations



1. Buying Strategy: If the falling trend line is broken and the price holds above the 0.01203 level, a buy position can be evaluated.


2. Stop-Loss: A closing below the 0.01154 level can be considered a risky situation and it is recommended to use stop-loss.


3. Profit Taking: For gradual profit taking, levels 0.01402 and 0.01713 can be considered.


4. Risk Management: Care should always be taken not to exceed a risk of 1-2% of the total investment.



Comment



In the TLM/USDT chart, there is an upside potential with the breakout of the downtrend line. Breakout of critical resistance levels may support the continuation of the rise. However, it should be carefully monitored whether the price will consolidate at these levels and whether the breakout is confirmed.