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#TON/USDT : Short Wave Still In Progress

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#TON

The price is moving in a descending channel on the 1-hour timeframe. It has reached the upper limit and is heading towards breaking downwards, with a retest of the upper limit expected.

We have an upward trend on the RSI indicator, which has reached near the upper limit, and a downward reversal is expected.

There is a major resistance zone in green at 1.94. The price has bounced from this zone multiple times and is expected to bounce again.

We have a trend of consolidation above the 100-period moving average, as we are moving close to it, which supports a downward move towards touching it.

Entry price: 1.84
First target: 1.81
Second target: 1.77
Third target: 1.72

Stop loss: Above the resistance zone in green.

Don't forget a simple thing: money management.

For inquiries, please leave a comment.

Thank you.
액티브 트레이드
스냅샷


#TON
First target: 1.81 Reached
Second target: 1.77 Reached
Third target: 1.72 Reached

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