Tem

Key Levels (Visually from Chart)

| Level | Meaning
| -------- | -------------------------------------------------------------
| 🔴 77.30 | Resistance — short-term pivot (tested, price rejected
| 🟩 76.60 | Critical support — neckline of double top
| 🟡 75.39 | First bearish target — key inflection zone
| 🔻 74.70 | Second bearish target — confirms full breakdown
| 🟢 78.13 | First bullish target — opens up if 77.30 breaks with strength
| ⚪ 79.20 | Secondary upside zone — major prior rejection area

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Simply put:

* TEM formed a double top— that's a bearish pattern.
* Price is sitting right at a key level (76.60)
* 🔻 If 76.60 breaks → expect fast move to 75.39, then 74.70
* 🔼 If bulls reclaim 77.30 → opens door to 78.13 and possibly 79+.
* Momentum is leaning bearish, but the next move depends on 76.60.

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🔼 Bullish Scenario: Reclaim 77.30 → Breakout

Trade Idea:

If TEM reclaims 77.30 with strength and volume, look for a move toward 78.13 and beyond.

* Entry: Break above 77.30 with volume
* Stop: Under 76.60
* TP1: 77.61
* TP2: 78.13+

Why It Works:

Price is oversold near support. A squeeze is possible if shorts get trapped and bulls take control.

🔻 Bearish Scenario: Breakdown Below 76.60

Trade Idea:

If TEM breaks 76.60 with volume, target the double top breakdown toward 75.39 and 74.70.

* Entry: Break below 76.60 with bearish candle (high volume)
* Stop: Above 77.30
* TP1: 75.39
* TP2: 74.70
Why It Works:

Double top pattern + weak support below = clean air for sellers. Bears will likely step in hard if bulls lose 76.60.

Neutral Scenario: Chop Between 76.60–77.30

* No breakout or breakdown.
* Trade the range if you must:

* Buy near 76.60 → Sell near 77.30
* Size down — less conviction.

Hypothesis:

> If 76.60 breaks, I’m looking for 75.39 → 74.70.
> I’m wrong if TEM **reclaims and holds 77.30** with strength.