TONUSDT continues to drift along the lower boundary of its long-standing descending channel, hovering just above the support near 2.87. Despite repeated lower lows, price action is compressing within a narrowing wedge above the "buying area," suggesting potential for a breakout attempt. Bulls may target 4.30 if the lower boundary holds and a reversal confirms. Accumulation signs are becoming more evident at these levels.📈 Key Levels
- Buy zone: 2.85–3.00
- Buy trigger: breakout above 3.00
- Target: 4.30
- Sell trigger: breakdown below 2.85
💡 Risks
- Rejection at the 3.00 psychological and horizontal resistance
- Failure to break downward trendline
- Breakdown of channel support would open deeper downside potential toward 2.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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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.