TEL's current positioning is exactly in the most critical support area.
This location can serve as support not by coincidence. It marks the stopping point after the price experienced months of downward pressure and is the starting point that any genuine reversal attempt must break through.
From a technical perspective, the first upward target zone is relatively clear—this is precisely the area where the price previously stalled. Once this barrier is broken, the subsequent upward potential will gradually be released. The key is to observe whether trading volume and price action can confirm the validity of this reversal.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
5
Repost
Share
Comment
0/400
Layer2Observer
· 10h ago
Well, the data depends on trading volume. Just price bouncing off support levels isn't worth much.
View OriginalReply0
P2ENotWorking
· 01-08 16:05
If the support zone can't be broken, it still depends on the volume. Don't just talk about reversal.
View OriginalReply0
GateUser-cff9c776
· 01-08 16:00
Schrödinger's support level, breaking through it is bottom art, not breaking through is a death trap, I bet it can break through.
View OriginalReply0
PumpBeforeRug
· 01-08 15:59
Support levels are just support levels; don't over-interpret them. Let the trading volume speak for itself.
View OriginalReply0
PoetryOnChain
· 01-08 15:55
Whether key positions can hold steady depends on if the volume can keep up; otherwise, it's just a false rebound.
TEL's current positioning is exactly in the most critical support area.
This location can serve as support not by coincidence. It marks the stopping point after the price experienced months of downward pressure and is the starting point that any genuine reversal attempt must break through.
From a technical perspective, the first upward target zone is relatively clear—this is precisely the area where the price previously stalled. Once this barrier is broken, the subsequent upward potential will gradually be released. The key is to observe whether trading volume and price action can confirm the validity of this reversal.