After falling from $6 to almost $0, Trilium (TLM/USD) put the patience of its investors to the test. Now they could soon be rewarded with an outbreak. Tlm has been trading at almost the same level since April and a rally should occur soon. However, investors should be careful with a coin such as Tlm, which has been continuously trading since its listing. You should only take long positions if you see a clear breakout with good buying volumes.
A look at the charts from this year:
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After Tlm fell by over 95% on the day of the Börs listing in April, the coin has been trading below the $0.50 zone ever since.
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Tlm has formed a symmetrical triangle and consolidated in a very narrow range this month, which indicates an early breakout.
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Tlm has been trading with symmetrical triangles since its Börs listing. Once an outbreak becomes visible, Tlm could yield some tremendous results.
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Investors should be careful with Tlm, as it has steadily lost value since its listing. Therefore, investors should be patient and wait for an upward movement with good purchase volumes.
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Investors who don’t take much risk can also wait for Tlm to retest the trendline before getting in.
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An entry can be made via $ 0.338. A stop loss makes sense below the demand zone at $ 0.295.
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Tlm could reach some big goals like $0.42, followed by $0.585.
Conclusion
Tlm could start a rally soon. However, investors should be careful and only enter in the event of a breakout. Also, a stop loss should definitely be set.
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