TON New Update (1D)

197
This analysis is an update of the analysis you see in the "Related publications" section

Since we started publishing a series of bearish analyses on TON, the coin has experienced a significant drop | despite the ongoing growth of the Telegram app and its expanding user base.

Before reaching the support zone mentioned in our previous analysis, a strong intermediate demand zone is visible along the way, located just below a notable liquidity pool. A solid bullish reaction is expected from this identified demand area.

Targets are clearly marked on the chart.

A daily candle close below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

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.