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The name of the token and introduction of the project. Technical background of the project and the team in charge of the project. In which exchange or exchange can you trade?

The Alien Worlds Token

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The alien world token which is abbreviated TLM is known to be a decentralized non fungible token which players compete for as it happens to be a metaverse where the players compete for scarce resources.
As the native token is named as trilium, the trilium is therefore the native of the alien world which is a decentralized finance element to the game.

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An interesting aspect of the alien world is a play to earn NFT game which turns to be very profitable to those who play the game. With this interesting aspect, the game has withness a great increase in the number of players and the value of the token in the past years.

Background

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Going to the background of the token and the platform, the platform and the game was developed by a German with the name Dacoco GmbH in the year 2020 and is known to have created 3 projects to date.

The aspects which actually makes the alien world unique is that it is a gaming metaverse which has features such as DAOs thereby giving energy to the holders of token.

Platforms to trade TLM

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We can trade the tlm in platforms such as Binance, Poloniex, Kucoin, Bittrex, Delta, FTX, Bitget and Coinex. Some of the pairs to trade in this exchanges include; tlmbtc, tlmusdt, tlmeth and others as seen in the screenshot below.

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^{screenshot from tradingview.com}

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Why are you bullish on this token today? And how long do you think it will increase?

Why I am bullish about tlm token

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I will perform a fundamental analysis on the tlm token to show why I think it will go bullish. Using the coinmarketcap, the tlm token is ranked #379 on the coinmarketcap based on its $94.33 market capitalization. The current price of the tlm token is $0.1 which has once had an all-time high of $7.18. We can see other statistics on the token from the screenshot below.

^{screenshot from coinmarketcap.com}

I actually think this token will take about 2 years to reach its all-time high value again. Meaning this is really a long time and good time for a long term investment. I will actually be performing a short term analysis below.

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How to analyse the token for an operation? You must obligatorily use methods and analysis learned in the Crypto Academy.

Buying the TLMUSDT

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My trade entry will be done using principally price action. This will be done with the support and resistance levels. The strategy is the break retest strategy where the prices break a support or resistance level and later retest on the level which pushes the prices further to continue its trend.
The break retest happens in both uptrend and downtrend but in the case I will be analysing happens in a uptrend.

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Trade Entry

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The trade entry will be done using the break retest strategy as explained earlier. I actually watch keenly as the prices moves in an uptrend an break a previous support level and forming a swing high point.
The prices then return and retest on the previous support level which a buy order is placed at the retest level as seen below.

^{screenshot from tradingview.com}

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Trade Exit

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For the trade exit, I will place proper stop loss and take profit levels. The stop loss level will be set some few pips below the retest level while the take profit level will be place at the previous swing high made by the prices.

^{screenshot from tradingview.com}

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Trade Execution

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My trade execution will be done using the 10X leverage in #Binance since I used a short time frame and tight stop loss and take profit levels as seen below.

^{screenshot from tradingview.com}

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What is your investment plan? Do you want to keep it for a long time? Or when to sell it?

My Investment plan on the TLM token

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I do not actually plan to keep the tlm token for a long time. This is because I used a very short time frame since I happen to be a scalp trader. With this time frame, my take profit level was hit sooner than expected which took about 1 hour to reach my take profit level since we had a lot of consolidation in the market today.

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Do you recommend that all people buy it? Detail the reasons for recommending or not recommending it.

My Recommendations about TLM

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Based on the use case of the tlm token, we see that it is worth investing in the token as we have seen an exponential increase in the number of players of the game.

^{screenshot from coinmarketcap.com}

And being a metaverse game, we are going to see more and more people engaging in the game since it happens to be a play to earn game.
For this reason, I actually recommend traders and investors to invest in this token.