TLMUSDT Local S/R| .618 Fibonacci| Price Action| Trend

Evening traders,

Today’s analysis – TLMUSDT – trading towards a key level of support where a bounce is probable,

Points to consider,
- Price Action Corrective
- Local S/R Support
(.618 Fibonacci Confluence )
- Swing High Objective
- Low Volume

TLMUSDT’s immediate price action is corrective and is trading towards a technical trade location that has confluence with the Local S/R and the .618 Fibonacci, allowing for a long bias.

The swing high is the immediate objective, exceeding this level will lead to a trend continuation.

The current volume profile is below average, an influx will be indicative of the next expansion.

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,

‘’No one strategy is correct all the time’’.- John Paulson