Lingrid | TONUSDT faces Challenges in CLOSING above 6.00 level

4 באוק׳

The price perfectly fulfilled my last idea. It hit the target level. TONUSDT bounced off the psychological level at 6.00 and is heading toward another level below 5.00. A significant bullish divergence has formed on the 1H timeframe, increasing the likelihood of a bounce off the support level and downward trendline. I believe the market may enter an accumulation phase between the 6 and 5 levels. Nevertheless, I expect the price to rebound as the bearish momentum is fading. My target is resistance zone at 5.670

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