Evening Traders,
Today’s analysis – TLMUSDT – trading towards a key support area where a bounce is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Support
.618 Fibonacci Confluence
- Volume Climaxes
- RSI Bullish Control Zone
TLMUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the .618 Fibonacci and the Daily S/R, allowing for a bullish bias.
The volume current has climatic nodes, indicating a temporary bottom thus a reversal is probable.
The RSI remaining in its bullish control zone is indicative of strength, this is important for price action to reverse.
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,
Thank you for following my work
And remember,
“There is a huge difference between a good trade and good trading.” – Steve Burns
Today’s analysis – TLMUSDT – trading towards a key support area where a bounce is probable,
Points to consider,
- Price Action Corrective
- Daily S/R Support
.618 Fibonacci Confluence
- Volume Climaxes
- RSI Bullish Control Zone
TLMUSDT’s immediate price action is corrective and is trading at a key trade location that has technical confluence with the .618 Fibonacci and the Daily S/R, allowing for a bullish bias.
The volume current has climatic nodes, indicating a temporary bottom thus a reversal is probable.
The RSI remaining in its bullish control zone is indicative of strength, this is important for price action to reverse.
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,
Thank you for following my work
And remember,
“There is a huge difference between a good trade and good trading.” – Steve Burns
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.