TLM, a descending triangle appears on the chart

TLM, like most altcoins, has strongly corrected and is in a local downtrend. Also, a downtrend triangle pattern has formed locally. Statistically, it is breaking down, but it is worth pointing out that the coin has already corrected quite strongly from its high and there could be bear traps in the market now. Therefore, strictly use the risk management and set stop losses. In the case of squeezing and a breakout of a key level, there may be a good opportunity to sell. In case of a false breakdown of the level of $0.196, there could be a good buying opportunity.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.