Telcoin: preparing for a pullback? key levels to watchTelcoin
Anyone else watching this little sleeper while the market rotates back into small caps? According to industry sources, money has been creeping back into micro-cap altcoins after the recent BTC volatility, and today TEL already reacted with a sharp push straight into a heavy 4H supply zone. That first touch into resistance with hype returning is exactly where I start paying close attention.
On the 4H chart, price just wicked into the red supply block and stalled while RSI cooled off from near overbought. Volume built up on the way up but is thinning right at resistance, so I’m leaning toward a pullback first rather than an instant moonshot. For me the key zones are the green demand areas below, where previous buyers clearly defended hard.
My base plan: I’d prefer a dip back toward the mid green zone for a safer long, targeting a return to the current supply and, if flipped, the upper red area. If price instead breaks down and closes firmly below the lower green block, that kills the long idea and opens the door to a deeper flush. I might be wrong, but chasing this candle into resistance feels like FOMO, so I’m patient and waiting for the market to offer a better entry.
