Toncoin (TON): Solid Support Had Been Established | Bullish
TON has established a solid support zone, and as long as price keeps holding above it, the bias stays bullish from here.
We did get a small bullish push recently, but it got rejected at the 100 EMA. That area between the support and the 100 EMA is what I’d call a zone of tension — price is basically deciding direction there.
The safer play would be to wait for the 100 EMA to be reclaimed, but we’re choosing to be a bit more aggressive here and take a long from current price. As long as support holds, this is the game plan.
Swallow Academy
We did get a small bullish push recently, but it got rejected at the 100 EMA. That area between the support and the 100 EMA is what I’d call a zone of tension — price is basically deciding direction there.
The safer play would be to wait for the 100 EMA to be reclaimed, but we’re choosing to be a bit more aggressive here and take a long from current price. As long as support holds, this is the game plan.
Swallow Academy
Trade closed: stop reached
💎 Telegram:
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🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💎 Telegram:
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
t.me/+fiEDSn7M9pJkODA0
🌎 Website:
swallowteam.com/
🚨Years on charts build the habit of sensing psychological market direction. So far working :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.