$TEL Mid to Long term Swing Trade LONG

TEL fell perfectly forming a bottom structure at the golden ratio, I personally waited for a breakout to form a higher high and then a retest before entry. Would be great to get some of the Volume we had on the previous bull run, will be watching BTC.D Closely for next few weeks to see how this affects the price action.

I used the trend based fib extension tool to highlight the first 2 targets (grey boxes) which has some nice confluence with previous resistance levels on both weekly and daily charts.

I use the Volume profile indicator on the daily chart on confluence for the Entry as we have massive vol TELUSDT TELBTC ume around the entry point and higher probability this will hold looking at the current market strength.
Chart PatternsTechnical IndicatorsTrend Analysis

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