The price perfectly fulfilled my previous idea. It bounced off the support level and hit the target. The price of 
TONUSDT has reached its all-time high levels, but unfortunately, it failed to sustain above the psychologically significant level of 8.00, leading to a significant pullback of around 16-17%. This decline has resulted in a substantial correction, and I believe this pullback will lead to a period of sideways movement. On the weekly timeframe, the market remains contained within its previous week's range zone, which suggests a potential consolidation zone. While we cannot discount the impressive bullish move seen in recent months, I expect the market to consolidate for a short period before continuing its upward trajectory. My goal is the resistance zone 7.560
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
TONUSDT has reached its all-time high levels, but unfortunately, it failed to sustain above the psychologically significant level of 8.00, leading to a significant pullback of around 16-17%. This decline has resulted in a substantial correction, and I believe this pullback will lead to a period of sideways movement. On the weekly timeframe, the market remains contained within its previous week's range zone, which suggests a potential consolidation zone. While we cannot discount the impressive bullish move seen in recent months, I expect the market to consolidate for a short period before continuing its upward trajectory. My goal is the resistance zone 7.560Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Trade closed: target reached
The price hit the target
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.