TONCOIN/USDT Perpetual Contract
Short
Updated

Toncoin (TON): Possible Rejection Incoming!!!

1 864
We are back with Toncoin, where we see that the price has had a massive bullsih rally, and now it has been stuck below the resistance for quite some time now.

As we see the movement getting tighter, we are expecting some big and sharp moves here very soon, and currently we are looking into downward movement here.

So as long as we are below the resistance zone, this is the game plan we will be looking for but if we see any signs of a possible breakout, then we might form new highs!

Swallow Team
Note
snapshot
Toncoin has started to show again signs of weakness, breaking the lower trend line here and edging to 100 EMA.

As of now, we are looking for the break of EMAs here, which would end up with a massive downward movement (if we manage to break both EMAs).
Note
snapshot
Ton coin has the same weight as Binance coin, where we had a smaller dump but not yet the one we are looking for.

We wait for any further confirmations here and as soon as we see clear signs of weakness, we will be taking the short here.
Note
snapshot
Ton coin had broken from that local trend and broke all of the EMAs, resulting in a nice 33% market price movement!

🟢 IDEA WAS SUCCESSFUL

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