GRAM: The SEC Killed Gram in 2020. Now It's Back.Direction: Long
The headlines say founder risk. The on-chain work says a treasury is accumulating and a wallet is rolling out. Both are true, and that is the trade.
GRAM is the rebranded Toncoin. In June, Durov restored the original 2018 Gram name as step four of seven in the "Make TON Great Again" plan, passed by an 81.22% governance vote. Binance finished the full TON to GRAM switch around July 2. Then the catalysts stacked: the native wallet promise in July, the actual beta rollout in late August, and the Config -123 and Config 30 validator upgrades.
The money side is the interesting part. TON Strategy Company, a Nasdaq-listed treasury, holds 230.5 million GRAM, about 4.4% of supply, nearly all staked at 17% yield, booking around 15 million dollars in Q2 staking revenue, and says it is still accumulating. Against that sits the TON Believers Fund, which unlocks about 37 million GRAM every 30 days into 2028. A buyer and a seller, both public.
📈 The chart
Here is the setup. GRAM trades at $1.3720 today, inside a small descending channel, and the trade is a breakout.
Last time it ran toward the 50% Fibonacci and stopped just short. This time the thesis is it gets there.
The 50% retrace of the whole decline sits at $2.89, which is plus 110% from here. Below that, the first walls are $1.49 and then $1.78. The base holds around $1.32 to $1.40.
I am not setting a higher target, because even if we tag $2.89 I expect a serious correction right after. Market makers are not generous enough to let everyone get paid, and the blade cuts longs and shorts alike.
I am not publishing a stop loss. Everyone sizes their own risk. Durov, don't let us down.
Disclosure: long GRAM from around $1.3720. Educational, not advice.
TON
GRAM/USDT | Is Another Bullish Attempt Coming?By analyzing the #GRAM chart on the weekly timeframe, we can see that after the previous analysis, price managed to recover toward the $1.57 region, but buyers were not strong enough to maintain that move and GRAM entered another correction.
Currently, GRAM is trading around $1.32 and is once again sitting very close to the bullish area at the bottom of the current structure. Despite the recent weakness, my broader view has not changed yet and I still believe there is room for another bullish attempt from these levels.
In the short term, the first upside targets I’m watching are $1.45, $1.60, $1.75 and $1.90 . Reclaiming these levels would be the first sign that buyers are starting to regain control.
If this analysis has been useful to you so far, give it a Boost to support my work and let me know you want me to keep sharing these detailed GRAM updates.
For the medium term, the more important targets are around $2.10, followed by $2.50 and then the major $2.70 – $3.10 Bearish Breaker area marked on the chart. This zone could become a very important decision point if GRAM manages to recover that far.
If the larger bullish cycle returns, the longer-term targets I’m watching are around $3.40 – $4.10 first, followed by the major higher-timeframe supply area between roughly $6.80 and $8.00 .
For now, I’m still bullish on GRAM , but buyers need to prove themselves by reclaiming the nearby structure. The current $1.25 – $1.35 area remains extremely important for this scenario.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GRAM: Coiling at Triangle Apex Beneath MA100GRAM: Coiling at Triangle Apex Beneath MA100 – Strategic Trend-Following Short Opportunity
GRAM is entering a critical technical apex as market structure remains tightly suppressed beneath the dynamic MA100 trendline resistance. A sequence of weakening candles persisting since early August has funnelled price action directly into the terminal point of a consolidation triangle pattern, signaling an imminent volatility expansion.
Based on the visual data from the 4-hour chart image_6fca25.jpg, the downward-sloping MA100 line functions as a formidable resistance ceiling, shutting down every localized buy-side recovery attempt. The continuously narrowing range near the triangle apex highlights total buyer exhaustion. Given that the underlying macro downtrend remains fully intact, a bearish breakdown through the triangle floor carries a significantly higher technical probability.
This technical framework presents a high-edge trend-following Short execution opportunity with an optimal risk-to-reward ratio. The standard strategy is to initiate Short positions around the current $1.33 level, placing an ultra-tight stop-loss parameter directly above the dynamic MA100 line near $1.37. The strategic take-profit target for this expansion wave aims directly at the $1.00 psychological round-number support baseline.
Disclaimer: This is not financial advice, DYOR.
GRAM/USDT | GRAM Already Pumped 25%, Is The Next Leg Coming?By analyzing the #GRAM chart on the weekly timeframe, we can see that after the previous analysis, price started to move higher and managed to rally more than 25%, reaching the $1.85 region. Currently, GRAM is trading around $1.72, and the key question now is whether buyers can regain momentum from this area and start the next bullish leg.
In my view, if bullish momentum returns, the next upside targets to monitor are $1.90, followed by $2.20, then $2.60, $2.90, and potentially $3.40 if the broader crypto market supports the move. Based on the current price around $1.72, the medium-term upside potential toward $2.60 – $2.90 would be around 50% to 70%. For the longer-term scenario, if GRAM manages to push toward $3.40 – $4.20, the potential upside could reach roughly 100% to 145%.
For now, GRAM has already reacted well from the previous demand area, and we need to see if buyers can turn this pullback into the next major bullish expansion.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GRAM Analysis: Will the Consolidation Break to the Upside?Hi!
GRAM is currently consolidating inside a well-defined range around $1.74, while testing the descending trendline resistance. This sideways price action suggests the market is building energy for its next move.
A confirmed breakout above the consolidation range could provide a fresh entry opportunity and potentially send price toward the $2.10-$2.12 resistance zone.
As long as EURONEXT:GRAM remains inside the rectangle, patience is needed. A strong breakout and close above resistance would be the signal to watch for a move toward $2.1.
GRAMUSDT | 4H | July 04, 2026GRAMUSDT Analysis | 4H Chart | July 04, 2026
Follow price OKX:GRAMUSDT
❇️ Analysis Description: The bearish trendline has been broken on the 4H chart. We are currently testing the ceiling of the latest trading range at $1.8140. We are not in an absolute uptrend yet; a strong breakout above this level is required to confirm momentum. Otherwise, a pullback to the $1.6100 support level is a high-probability scenario for potential long entries.
🔼 Trading Setup Strategy:
Trend Strategy: Identifying the "Pullback Candle" (breaking previous structure with >80% body coverage). Waiting for a retest of the candle's low/high line.
Range Strategy: Applying the same "Pullback Candle" logic at range extremes, targeting a Risk/Reward of 1.5–2.0.
Breakout Strategy: Currently monitoring the $1.8140 resistance. If broken, awaiting a pullback to the dynamic/static level before M15 entry.
🕯 Execution Plan (M15 Confirmation):
Identify the "Pullback Candle" (80% body breakout).
Enter on the retest of the breakout level.
Stop Loss: Behind the last swing (preferred) or behind the entry candle if the body/shadow is large.
Take Profit: Next major levels or fixed 2.5 R:R (for trends).
⚠️ Always prioritize risk management.
💬 Let me know your thoughts in the comments!
TON Could Be Setting Up for a Strong RecoveryLSE:TON is holding a strong support zone after a sharp pullback. If buyers defend this level, a move toward the $2.70 resistance is likely.
Losing this support, however, could trigger another leg down.
DYOR, NFA
BINANCE:TONUSDT WEEX:TONUSDT
T
#TONUSDT Trendline Break & Double Bottom#TON
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
There is a key support zone (in green) at 1.37, and the price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 1.57
Target 1: 1.61
Target 2: 1.67
Target 3: 1.77
Stop Loss: At the resistance zone (in green)
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
TLong
#TONUSDT Trendline Break & Double Bottom#TON
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
There is a key support zone (in green) at 1.47, and the price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 1.66
Target 1: 1.70
Target 2: 1.75
Target 3: 1.81
Stop Loss: At the resistance zone (in green)
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
TLong
#TONUSDT Trendline Break & Double Bottom#TON
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
There is a key support zone (in green) at 1.46, and the price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 1.66
Target 1: 1.72
Target 2: 1.78
Target 3: 1.85
Stop Loss: At the resistance zone (in green)
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
TLong
TONCOIN – Descending Channel, Is a Breakout Toward?TON/USDT on the 12-Hour timeframe is currently trading inside a Descending Channel 🔻, which formed after a strong impulsive rally in early May. This structure reflects an ongoing correction phase, but price is beginning to show signs of stabilization near the channel resistance and may be preparing for a potential breakout. ⚡
The strong demand zone at $1.45 – $1.37 🟨 remains a key area that has successfully absorbed selling pressure so far. As long as price stays above this zone, the possibility of recovery and a bullish breakout remains valid. 🚀
━━━━━━━━━━━━━━━━━━
📊 Chart Structure Analysis
🔻 Descending Channel Pattern
The chart clearly shows a Descending Channel, characterized by:
✅ A descending resistance trendline (upper red line)
✅ A descending support trendline (lower yellow line)
✅ A sequence of Lower Highs and Lower Lows throughout the correction phase
From a technical perspective, a Descending Channel is often considered a corrective pattern within a larger bullish trend, especially when it forms after a strong upward move like the one previously seen on TON. 📈
At the moment, price is testing the channel resistance and moving sideways, indicating a battle between buyers 🐂 and sellers 🐻 ahead of a potential breakout.
━━━━━━━━━━━━━━━━━━
🟨 Major Demand Zone
💎 Strong Support Area: $1.45 – $1.37
The yellow zone represents a crucial demand area because it:
🔹 Previously acted as an accumulation zone
🔹 Has been tested multiple times as horizontal support
🔹 Is positioned near the lower boundary of the channel structure
🔹 Serves as a key defensive area for buyers
As long as this zone remains intact, the bullish recovery structure stays valid. ✅
━━━━━━━━━━━━━━━━━━
🐂 Bullish Scenario
For bullish confirmation, TON needs to:
✅ Break and close above the Descending Channel resistance
✅ Reclaim the horizontal resistance around $1.745
✅ Be supported by increasing trading volume 📊
If a breakout occurs, the next upside targets are:
🎯 Target 1: $1.945
🎯 Target 2: $2.090
🎯 Target 3: $2.720
🚀 Breakouts from Descending Channels often trigger strong upside momentum as sellers lose control and buyers regain market dominance.
━━━━━━━━━━━━━━━━━━
🐻 Bearish Scenario
The bearish scenario becomes active if:
❌ Price fails to break above the channel resistance
❌ A strong rejection occurs around the $1.74 – $1.75 area
❌ Price starts moving back toward major support levels
Key downside levels to monitor:
⚠️ First Support: $1.45
⚠️ Major Demand Zone: $1.37
⚠️ A breakdown below this zone could send price toward the lower boundary of the channel.
📉 Losing the $1.37 demand zone would invalidate the medium-term recovery outlook and restore seller dominance.
━━━━━━━━━━━━━━━━━━
📈 Conclusion
TON/USDT remains in a correction phase within a Descending Channel 🔻, but price is approaching a critical breakout area. The $1.45 – $1.37 demand zone 🟨 continues to act as the primary defense for buyers, while the channel resistance remains the key level that must be broken to unlock a move toward $1.945, $2.090, and potentially $2.720. 🚀
💡 As long as the major support zone holds, the bullish breakout scenario remains more attractive than a bearish breakdown scenario.
#TON #TONUSDT #Toncoin #Crypto 🚀 #Cryptocurrency #TradingView #TechnicalAnalysis 📊 #ChartAnalysis #PriceAction #DescendingChannel #BullishBreakout #Altcoins #CryptoTrading #Trader #SupportAndResistance #BreakoutTrading #MarketAnalysis #CryptoNuclear ⚛️ #TONAnalysis #AltcoinSeason 🌕
Ton Long The current outlook for this asset remains clear. An order flow has been established toward the upper target, but I would like to see a pullback toward the lower target before considering any long positions. Until then, I remain patient and will only look for buying opportunities once the lower target is reached.
Don't forget to like and follow!
TLong
#TONUSDT Ready for a Breakout? Analysis of a Long Accumulatio#TON
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
A key support zone (in green) has been identified at 1.37. The price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 1.53
First Target: 1.59
Second Target: 1.646
Third Target: 1.716
You can close at the second target or wait for the third target to be reached. The choice is yours.
Stop Loss: At the resistance zone (in green).
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
TLong
TON Trap Incoming: Pullback or Distribution?Yello Paradisers! Are you prepared for a potential sharp downside move on #TON, or are you still calling this “just a healthy pullback” while smart money quietly distributes above you? At first glance, the structure may look harmless. But when we remove emotions and read the chart objectively, the story changes completely. This is not a random retracement. This is a high-risk zone where discipline matters more than opinions.
💎#TON formed a buying climax followed by a climactic action bar. This type of structure often shows the beginning of a distribution phase. In simple terms, institutions frequently use these aggressive spikes to unload positions into strong retail enthusiasm. When the crowd feels confident and optimistic, that is usually when smart money distributes quietly in the background.
💎#TON has now broken the lower trigger line of the buying climax for the second time, and it happened with a strong momentum candle. This is a key probability of weakness in the structure. If bearish momentum continues to build, the next major downside target sits around the 1.654. If the current pressure remains, this level could be reached much sooner than many market participants expect.
💎#TON has also clearly respected the ascending resistance trend-line and failed to break above it. That rejection is not random. It confirms that sellers are still defending the structure and that the market is struggling to create a strong bullish continuation.
💎#TON also mitigated the order block and FVG zone in the retracement phase, adding even more weight to the bearish structure. Combined with the RSI divergence, the current setup continues to favour downside continuation as long as price remains under pressure inside the supply zone. The immediate minor support is sitting around 1.805. If bearish pressure continues, this level becomes the first key magnet for price.
💎If #TON manages to break above the key resistance at 2.400 with a strong momentum candle, this whole bearish probability would be invalidated, and we could instead see a bullish continuation. As always, we let price confirm our bias.
Discipline is key, Paradisers! The charts may look volatile, but this is where professionals thrive and amateurs panic. Don’t let emotions guide your trades. Wait for clear confirmation and manage risk like a pro. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
TShort
Why I Swapped All My Bitcoin for TON (Soon to Be GRAM)
Based on my time-cycle analysis, I believe that within the next 140 days we’ll see a Bitcoin accumulation zone formed by whales. After that, it could take around 3 years for Bitcoin to reach a new peak around $160,000.
If governments seriously enter the market, the price could even go up to $220,000 or maybe $340,000. However, personally, I think that scenario is unlikely. Even though it seems that Donald Trump’s administration is interested in shifting some gold reserves into digital assets as a way to reduce national debt.
In my view, the price bottom for this cycle — and the start of the accumulation phase — will likely be in the $45,000 to $55,000 range.
That said, I don’t think the future of crypto is entirely in Bitcoin’s hands anymore. Because of that, I converted all my Bitcoin into TON — the cryptocurrency connected to Telegram — and it’s expected that within the next three weeks the name will change to GRAM.
With Telegram’s roughly 1 billion users as a potential backing, I believe this project could become one of the top three blockchains. The network speed, the massive user base, and the fast development pace led by Pavel Durov are honestly impressive to me.
If they manage to get even 30% of Telegram users to adopt GRAM within the next two years, the transaction volume and user activity could surpass most other blockchain networks.
Why I Swapped All My Bitcoin for TON (Soon to Be GRAM)
TON/USDT 4H: Reversal Confirmed as Neckline SnapsHi!
The 4-hour chart for Toncoin shows a beautifully structured reversal pattern playing out. Following a prolonged corrective phase, the bulls have successfully built a rock-solid floor and engineered a clean macro structural shift.
The Reversal Foundation
Everything on this chart points to a completed accumulation phase right at the key horizontal support:
The Compression Base: The structural floor around the $1.70 handle marks the exact start of the compression, holding firm against repeated bearish attempts to drive price lower.
The Double Bottom & Divergence: TON printed a textbook "Double bottom" pattern inside this base. The second leg was backed by a clear bullish Divergence on the RSI, proving selling momentum was completely exhausted.
The Volume Spikes: The two highlighted vertical orange ovals on the volume profile confirm institutional interest. Substantial buying volume entered the market on both the second bottom defense and the initial breakout push.
The Structural Breakout & Target
The immediate price action is highly bullish. TON has confidently broken the SMA (100-period), turning a long-standing dynamic resistance line into immediate support.
More importantly, the neckline is broken at the $2.20 resistance level. The recent aggressive impulse candle cleared this structure, confirming that the bearish cycle has officially ended.
The current minor pullback is a healthy retest of the broken structure. The mapped-out path outlines the ideal entry and continuation scenario: looking for a higher low to form around the 100 SMA before the next expansion wave runs straight toward the macro horizontal supply zone marked at $2.60.
I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!
#TONUSDT Trendline Break & Double Bottom#TON
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
There is a key support zone (in green) at 1.67, and the price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 2.02
First Target: 2.09
Second Target: 2.16
Third Target: 2.26
You can stop at the first and second targets and close below them, or continue towards the third target. Stop Loss: At the resistance zone (in green).
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
TLong
Toncoin: Bullish resumption after h-low confirms bull marketA bull market is already unfolding on TONUSDT, it started months ago. The initial move was a strong and sudden one but the start is never the end. After a very small, short-lived retrace we are seeing the development of a new bullish wave. A bullish wave that we can enjoy for years to come.
The first move found resistance at $2.91. Coming from a low of $1.11 in early February, this meant a 155% bullish wave, but there is more.
The next target sits at $5.33. This is the 0.618 Fib extension level and works perfectly as a continuation of the $2.91 high. When Toncoin hits $5.33, in the coming months, or weeks, this will match the same prices from January 2025 and then higher it goes.
Certainly we will find resistance again close to the all-time high, around $8, followed by a new all-time high. One question remains.
Will a new ath hit this or next year?
Thank you for reading.
Leave a comment with your answer.
Namaste.
#TONUSDT Trendline Break & Double Bottom#TON
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
A key support zone (in green) has been found at 1.50. The price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 1.75
First Target: 1.83
Second Target: 1.88
Third Target: 1.95
You can close at the second target or wait for the third target to be reached. The choice is yours.
Stop Loss: At the resistance zone (in green).
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
TLong
TON vs EOS: The Psychology of a Pre-Priced SuccessWhy TON Reminds Me of EOS
When comparing TON and EOS, I don't see similarities in technology.
What I see is a similarity in market psychology.
In both cases, investors were presented with a story that was easy to believe.
For EOS, the narrative was clear:
"This will become the blockchain for mass adoption."
For TON, the narrative is different but equally powerful:
"Telegram has hundreds of millions of users, therefore TON has unlimited growth potential."
At first glance, these stories seem completely different.
But the psychology behind them may be remarkably similar.
In both cases, the market started pricing an ideal future long before that future was fully proven.
Investors effectively made the following assumption:
EOS:
Mass adoption is inevitable.
TON:
Telegram is huge, therefore TON will inevitably become huge.
This is where expectations begin to move ahead of reality.
The market often skips the most important stage of any investment story — the proof stage.
Before a project can justify massive valuations, it must demonstrate:
• Sustainable user growth
• Real product adoption
• Strong developer activity
• An economic model that creates demand for the token
• Reasons to hold the asset beyond speculation
Yet markets frequently price success before these factors are fully established.
In my opinion, this is exactly what happened with EOS during the previous cycle.
The project had not yet proven itself, but a large portion of the market had already treated it as a future winner.
Today, I see similar sentiment surrounding TON.
This does not mean TON is destined to follow the same path as EOS.
In fact, TON has one major advantage EOS never had: direct access to Telegram's massive user base.
However, charts reflect expectations, not technology.
And expectations are precisely why this comparison is interesting.
The current structure of TON appears consistent with a phase where investors are treating future success as almost guaranteed.
Therefore, the most important question today is not:
"Can TON become a major blockchain?"
The more important question is:
"Has the market already priced that success in?"
The history of EOS reminds us that belief in a powerful future narrative does not guarantee that narrative will ultimately be realized.
For that reason, TON currently looks less like a story of proven success and more like a story of expectations waiting to be validated.
$TON – Macro Accumulation Zones & The Long GameLooking at the daily timeframe, the price action for CRYPTOCAP:TON is finally entering a re-accumulation phase.
The Context:
We all remember the explosive 2x run-up, this was fueled by the heavy integration of the Open Network into the Telegram ecosystem and the direct backing from Pavel Durov. It was a massive wave of hype and institutional interest. However, retail interest has cooled significantly. We haven't seen major, headline-grabbing feature releases lately, and the market has responded by shedding ~40% from the local highs as short-term traders exit the positions they built during the mania.
The Strategy:
I’m ignoring the noise and focusing on structure. I see the $1.44 and $1.20 levels as the primary areas for spot accumulation. This is where I am looking to bid, not chase the local pumps.
The Long-Term Thesis:
Long-term, I remain bullish on $TON. The thesis is straightforward: if Pavel Durov and the core team continue to ship product, integrate further into Telegram, and expand the ecosystem's utility, the current price is a discount.
Targets: I am eyeing a recovery to $3 and $4 as the primary swing targets, with a macro target of $7 should the ecosystem continue to evolve.
If the development stalls, the thesis breaks. But for now, I am scaling in patiently at these support levels.
TLong
#TONUSDT Trendline Break & Double Bottom#TON
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
There is a key support zone (in green) at 1.74, and the price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 1.90
First Target: 2.00
Second Target: 2.08
Third Target: 2.17
You can stop at the first and second targets and close below them, or continue towards the third target. Stop Loss: At the resistance zone (in green).
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
TLong
#TONUSDT Trendline Break & Double Bottom#TON
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
There is a key support zone (in green) at 1.60, and the price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 1.75
First Target: 1.84
Second Target: 1.90
Third Target: 1.97
You can stop at the first and second targets and close the price, or continue towards the third target.
Stop Loss: At the resistance zone (in green).
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
TLong






















