TLM is currently forming a Bearish Flag pattern on the 4H timeframe โ a classic continuation setup indicating potential downside.
๐ Key Observations:
Price is consolidating within the golden zone of the Fibonacci retracement.
We're closely watching for confirmation signals before entering a short position.
๐ Bearish Confirmation Triggers:
Bearish Divergence on RSI
Break of Support Level (flag support line)
Break & Retest of the 0.5 Fib level
โ ๏ธ The more confirmations we get, the stronger the case for a bearish move. Patience is key โ wait for the setup to mature and always use proper risk management. ๐ก๏ธ
๐ Plan: Enter short after confirmation of at least one major bearish sign. Look for confluence to increase trade reliability.
๐ฌ Let me know what you think! Are you shorting TLM? Drop your analysis or charts below ๐
#TLM #CryptoAnalysis #BearishFlag #TechnicalAnalysis #ShortTrade
