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TON Linear Perpetual Futures Contract

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TONUSDT.P trade ideas

TONUSDT's Bullish Structure: Ready to Overcome Resistance?💎 Paradisers, #TONUSDT has formed a cup and handle pattern and is demonstrating a proper bullish market structure, which increases the likelihood of a bullish move. 💎 If #TON breaks and closes a candle above the resistance zone, it will validate the cup and handle pattern, and we can then expect a potential bullish move. 💎 In the case of a pullback, we can anticipate a bounce from the bullish Order Block (OB) and supportive trendline, but remember that we need an Internal Change of Character (I-CHoCH) in lower timeframes for confirmation. 💎 However, if the price breaks down and closes a candle below the bullish OB and supportive trendline, it will invalidate our pattern. In this case, it would be better to wait for more favorable price action to develop. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
TON is tuning up for a potentially bullish performance! 🎶💎 Paradisers, #TON has shown a Change of Character (CHoCH) and formed an inverse head and shoulders pattern, increasing the likelihood of a bullish move. 💎 If #TONUSDT breaks above the resistance zone, we can set our sights on targets up to the next resistance levels. 💎 In the case of a pullback, we can expect a bounce from the Breaker Block (With FIB 0.618 level), but we need to be cautious here and consider other market activities and trends. 💎 However, if the price drops below the Breaker Block, it will invalidate the bullish signals and the inverse head and shoulders pattern. In that case, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan