Hey there, ✌ By analyzing the daily chart TONUSDT, it is evident that the price encountered demand around the $4.50 level and, after breaking through the supply zone, rose to approximately $5.50. Following this rise, the price retraced to the broken level, which has now shown a reaction.
The outlook remains bullish. It is anticipated that after a consolidation phase, if the price stabilizes above the $5.50 level, it could advance in the medium term toward the $6.15 target and the bearish order block at the $6.50 level. Should the price continue to rise, observing its reaction to maintain this trend will be important. Currently, the $5.00 level serves as a support zone.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Trade closed: target reached
🔹Ton Coin also followed the expected scenario and grew by 25%. The $6.50 level was touched.🍻🚀🔥
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.