#TON/USDT Trendline Break & Double Bottom

Feb 21

#TON

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards breaking below it. A retest of this boundary is expected.

The Relative Strength Index (RSI) is showing a downward trend, moving in a downtrend and likely to continue due to overbought conditions.

There is a key resistance zone (in green) at 1.32. The price has bounced off this zone several times, making it a strong support level.

A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.

Entry Price: 1.35
Target 1: 1.36
Target 2: 1.38
Target 3: 1.40

Stop Loss: At the resistance zone (in green).

Remember this simple thing: Money Management.

For any questions, please leave a comment.

Thank you.

Feb 26

Trade active

#TON
Target 1: 1.36 Reached
Target 2: 1.38 Reached

Mar 6

Trade closed: target reached

#TON
Target 1: 1.36 Reached
Target 2: 1.38 Reached
Target 3: 1.40 Reached