#TON
The price is moving in a descending channel on the 1-hour timeframe. It has reached the upper limit and is heading towards breaking downwards, with a retest of the upper limit expected.
We have an upward trend on the RSI indicator, which has reached near the upper limit, and a downward reversal is expected.
There is a major resistance zone in green at 1.94. The price has bounced from this zone multiple times and is expected to bounce again.
We have a trend of consolidation above the 100-period moving average, as we are moving close to it, which supports a downward move towards touching it.
Entry price: 1.84
First target: 1.81
Second target: 1.77
Third target: 1.72
Stop loss: Above the resistance zone in green.
Don't forget a simple thing: money management.
For inquiries, please leave a comment.
Thank you.
The price is moving in a descending channel on the 1-hour timeframe. It has reached the upper limit and is heading towards breaking downwards, with a retest of the upper limit expected.
We have an upward trend on the RSI indicator, which has reached near the upper limit, and a downward reversal is expected.
There is a major resistance zone in green at 1.94. The price has bounced from this zone multiple times and is expected to bounce again.
We have a trend of consolidation above the 100-period moving average, as we are moving close to it, which supports a downward move towards touching it.
Entry price: 1.84
First target: 1.81
Second target: 1.77
Third target: 1.72
Stop loss: Above the resistance zone in green.
Don't forget a simple thing: money management.
For inquiries, please leave a comment.
Thank you.
Trade active
#TON
First target: 1.81 Reached
Second target: 1.77 Reached
Third target: 1.72 Reached
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🚨 For More Signals Join Telegram Channel ( Futures/Spot )
👉 t.me/CryptoSignalFuturesSpot
👉 t.me/CryptoSignalFuturesSpot
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.