Telos (TLOS) to 75k sats

On the above 1-day chart price action has corrected 75% since February. A number of reasons now exist to be long, including:

1) The ‘incredible buy’ signal prints

2) Price action and RSI resistance breakout.

3) Price action is testing significant support / resistance trend line . See 10-day chart below.

4) The target is derived from the Fibonacci extension , just as before. Look left.

Is it possible price action falls further? For sure.

Is it probable? No.

Good luck!

Ww


10-day chart support and resistance