TLMUSDT Weekly S/R| Price Action| Range| Trend

Evening Traders,

Today’s analysis – TLMUSDT – entering a new trading range where an impulse to the upside is probable,

Points to consider,
- Price Action Impulsive
- Weekly S/R Support
- Volume Influx

- 1.618 Fibonacci Extension
TLMUSDT’s immidiate price action is impulsive and is trading above a key weekly level that needs to hold for a bullish bias.

The Weekly S/R Retest will be an indication for a rotation back towards the highs with the current 1.618 Fibonacci Extension target.

The volume profile has a strong influx, follow through is needed for sustained momentum to the upside.

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,

It does not matter how slowly you go as long as you do not stop.”Confucius