TELCOIN fakeout likely short lived

kemarin

TEL After the BTC Dip.
It is still well and truly within the flag continuation pattern.

The only thing bearish about this chart is that

1. Went below the Higher Low, creating a new lower low.

2. The price has dropped below the 50-Day moving average.


The last time it did that it was a fakeout and pumped 500% 13 days later.

I am not worried... Losing the $0.0045 level with strong volume would not be ideal.


It's very difficult to be a MACRO BEAR in crypto right now. I don't think this fakeout will last long.

I'm confidently LONG.