#TON/USDT : Bullish Wave Still In Progress

#TON

The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.

The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.

There is a key support zone in green at 1.19, and the price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 1.28
Target 1: 1.31
Target 2: 1.343
Target 3: 1.38

You can stop at the first and second targets and close the position, or continue towards the third target. Stop Loss: At the resistance zone in green.

Remember this simple rule: Money Management.

Any questions? Please leave a comment.

Thank you.

Trade closed: target reached

#TON
Target 1: 1.31 Reached
Target 2: 1.343 Reached
Target 3: 1.38 Reached

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