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Is $TLM finally bottoming out or is this just another trap for the retail crowd?
I’ve been watching these daily candles and the price action is honestly exhausting to look at. We’re sitting at 0.001635 right now and every time it tries to wick up, it gets rejected fast. Just look at those long upper shadows from a few weeks back.
The support around 0.001540 seems to be holding for now, but the momentum is weak. The only interesting thing here is the order book. Seeing over 72% buy orders vs 27% sell orders makes you think a bounce is coming, but in this market, that can just be a big wall getting ready to be eaten.
If we don’t break and hold above 0.00177 soon, this is just going to keep sideways bleeding. I’m not jumping in yet. I’d rather wait for a confirmed move than get stuck in this range for another month.
Watching the 0.00160 level like a hawk today. If that fails, it’s going to get ugly.
#GateSquareAprilPostingChallenge