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Is $TLM finally waking up or is this just another trap?
The daily chart is showing some life after that long sideways grind near the 0.0015 bottom. We just pumped over 8% today, but look at those upper wicks from previous weeks. Every time it tries to fly, it gets swatted back down.
The order book is looking a bit heavy on the sell side right now with 57% asks. It feels like people are waiting to dump as soon as it hits the 0.0018 resistance zone.
If we can actually close a daily candle above that local high, we might have a trend reversal on our hands. Otherwise, it’s just another pump for the exit liquidity.
Keeping a close eye on the volume here. It needs to stay high or this move will fizzle out fast.
#GateSquareAprilPostingChallenge