After Tlm fell over 95% on the day it was listed in April, the coin has since traded below the $ 0.50 zone.
Tlm has formed a symmetrical triangle and has consolidated in a very narrow range this month, indicating an imminent breakout.
Tlm has traded with symmetrical triangles since it was listed. Once an outbreak becomes visible, Tlm could produce some tremendous results.
Investors need to be careful with Tlm as it has steadily declined in value since it was listed. Therefore, investors should be patient and wait for an upward move with good buying volumes.
Investors who don't want to take a lot of risk can also wait for Tlm to retest the trendline before getting in.
Entry can be made for $ 0.338. A stop loss makes sense below the demand zone at USD 0.295.
Tlm could hit some big goals like $ 0.42 followed by $ 0.585.
Conclusion
Tlm could start a rally soon. However, investors need to be careful and only get in on a breakout. In addition, a stop loss should definitely be set.
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 start soon. However, investors need to be careful with a coin like Tlm, which has been falling steadily since it was listed. You should only take long positions when there is a clear breakout with good buying volumes.
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