If you are still buying into vertical pumps hoping for a continuation, stop now.

It is incredibly painful to watch a token skyrocket, jump in at the local top, and immediately watch your capital melt as the dump begins. Most retail traders get trapped trying to catch the tail end of the hype.

Right now, $TLM is sitting up over 63% on the day, causing a massive divide between bulls expecting a breakout and bears looking to short the exhaustion. While the momentum looks strong on the surface, these parabolic moves almost always face a harsh correction. Opening a short position at current market levels with a tight stop loss at 0.0021 makes a lot of sense here.

If the exhaustion plays out, we could see $TLM quickly retrace to key support levels. The downside targets are lining up at 0.0019 and potentially as low as 0.0015 if the selling pressure intensifies. This setup offers a much better risk-to-reward ratio than trying to long a bloated chart, especially when other gaming plays like $ALICE are struggling to hold their gains.

Do you think this pump has more legs, or are we about to see a sharp rejection?

#CryptoTrading #Altcoins #TechnicalAnalysis