#TONUSDT Trendline Break & Double Bottom

#TON

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

A key support zone (in green) has been found at 1.50. 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: 1.75
First Target: 1.83
Second Target: 1.88
Third Target: 1.95

You can close at the second target or wait for the third target to be reached. The choice is yours.
Stop Loss: At the resistance zone (in green).

Remember this simple rule: Money Management.

Any questions? Please leave a comment.

Thank you.

액티브 트레이드

#TON
First Target: 1.83 Reached
Second Target: 1.88 Reached

거래청산: 타겟 닿음

#TON
First Target: 1.83 Reached
Second Target: 1.88 Reached
Third Target: 1.95 Reached

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