Lingrid | TONUSDT ongoing Period of MARKET Consolidation

27 בדצמ׳ 2024

The price perfectly fulfilled my last idea. It hit the target. TONUSDT is currently showing a pattern of lower highs and higher lows, indicating that price action is narrowing down, which often suggests a potential breakout. As observed, the market is oscillating between the 5.00 and 6.00 levels, having taken liquidity below the psychological level of 5.00 twice. This may imply that the market is building a range below the 6.00 mark before making a move higher. Given that the price has respected the support level multiple times, I expect it to bounce off this level. If this support holds above it, we could see a gradual move higher, possibly starting in the beginning of next year. My goal is resistance zoen around 6.40

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻