▶The price has now entered the shock phase and It started a bearish rally from the Stop Hunt range. If Ton downward movement considered as an excellent buying offers for investors, and the news of Pavel's arrest calms down in the next few hours, the price can touch the Stop Hunt level again. Of course, this scenario is not at all suitable for trading and analysis, and it's just a hopeful prediction of the price.
📉🔍On the other scenario, the price downward rally is more accurate in my opinion. The news of the arrest is going to disturb the market for some time and this issue will gradually shift the price to lower support levels.
But what do we do? ⚡As I said before, TON price is worth much more than what it is, and it is quite possible to reach the $12 level within the next year. But in the current situation, finding profitable buying levels should be the most important goal of medium-term market traders.
In the above analysis, the PRZ level will provide an excellent buying zone. Even in a hopeful scenario, the second best level to buy Ton is inside the yellow zone. Of course, I myself prepare a much smaller volume for buying in this area. After the yellow level, until the price reaches PRZ, I will buy two more steps with the Bollinger Midline indicator or MA 50. But the main zone for me is near the PRZ area.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.