Hi!
TON is still trading under a well-defined descending trendline, confirming that the higher-timeframe structure remains bearish. After the impulsive sell-off, the price transitioned into a clear consolidation range, highlighted on the chart. This range shows multiple reactions at both extremes, validating it as an accumulation/distribution zone rather than random price action.
A notable liquidity hunt occurred near the upper boundary of the range, where price briefly swept highs and was immediately rejected, aligning with the descending trendline and reinforcing it as dynamic resistance. Currently, price is trading near the lower boundary of the range, where another potential liquidity sweep may occur before a directional move.
Bullish scenario: A downside sweep below the range lows, followed by strong acceptance back inside the range, could trigger a reversal toward the range high near 1.84, which also aligns with the descending trendline and acts as a logical target.
Bearish scenario: Failure to reclaim the range after a breakdown would confirm continuation of the downtrend, exposing lower supports.
TON is still trading under a well-defined descending trendline, confirming that the higher-timeframe structure remains bearish. After the impulsive sell-off, the price transitioned into a clear consolidation range, highlighted on the chart. This range shows multiple reactions at both extremes, validating it as an accumulation/distribution zone rather than random price action.
A notable liquidity hunt occurred near the upper boundary of the range, where price briefly swept highs and was immediately rejected, aligning with the descending trendline and reinforcing it as dynamic resistance. Currently, price is trading near the lower boundary of the range, where another potential liquidity sweep may occur before a directional move.
Bullish scenario: A downside sweep below the range lows, followed by strong acceptance back inside the range, could trigger a reversal toward the range high near 1.84, which also aligns with the descending trendline and acts as a logical target.
Bearish scenario: Failure to reclaim the range after a breakdown would confirm continuation of the downtrend, exposing lower supports.
Đóng lệnh: đạt mục tiêu
close half of it hereGhi chú
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🟢 Telegram channel: t.me/melikatrader94
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avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.