Following severe selling pressure at the start of 2022, TLOS has risen almost 230 percent from its lowest price this year. When crypto-assets hit all-time highs, they typically experience a pullback, and TLOS is no exception.
Bullish Scenario: It will be a bullish indication if TLOS is able to break over the $0.76 resistance level after a retest of the $0.58 support level. We will have a better chance of testing the next resistance levels at $0.95 and $1.11. The chance of crossing above $1.40 improves if the price level is broken above $1.11 with considerable purchasing volume.
Bearish Scenario: TLOS has been in an uptrend on higher time frames, making higher highs and lower lows, but we don't have a significant long-term bearish bias yet. If the $0.58 support level fails to hold, the price will fall to $0.42, $0.25, and even lower levels.
Bullish Scenario: It will be a bullish indication if TLOS is able to break over the $0.76 resistance level after a retest of the $0.58 support level. We will have a better chance of testing the next resistance levels at $0.95 and $1.11. The chance of crossing above $1.40 improves if the price level is broken above $1.11 with considerable purchasing volume.
Bearish Scenario: TLOS has been in an uptrend on higher time frames, making higher highs and lower lows, but we don't have a significant long-term bearish bias yet. If the $0.58 support level fails to hold, the price will fall to $0.42, $0.25, and even lower levels.
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