TLMUSDT Dynamic S/R| Range Low| Range High| Price Action| Trend
Evening traders
Today’s analysis – TLMUSDT – trading in an ascending triangle where continuation to the Daily S/R is probable,
Points to consider,
- Price Action Trending
- Dynamic S/R Support
- Range High Resistance
- Daily S/R Objective
- Low Volume
TLMUSDT’s immediate price action is respecting its Dynamic S/R Support, where the apex is approaching, leading to a potential break.
The Range High is current resistance, breaking this level will make the Daily S/R the objective, exceeding this level will lead to a trend continuation.
The current volume is below average, an influx is highly imminent once the break occurs.
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,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Today’s analysis – TLMUSDT – trading in an ascending triangle where continuation to the Daily S/R is probable,
Points to consider,
- Price Action Trending
- Dynamic S/R Support
- Range High Resistance
- Daily S/R Objective
- Low Volume
TLMUSDT’s immediate price action is respecting its Dynamic S/R Support, where the apex is approaching, leading to a potential break.
The Range High is current resistance, breaking this level will make the Daily S/R the objective, exceeding this level will lead to a trend continuation.
The current volume is below average, an influx is highly imminent once the break occurs.
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,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager