TONUSDT is currently moving sideways, hovering just above the psychological level of 5.00 and consistently bouncing off this key level. The price action is forming an inverse head and shoulders pattern, which suggests a potential upward move toward higher levels. Additionally, the market is testing the downward trendline, and a breakout above this line could signal the start of a bullish trend. As long as the price remains above 5.00, the expectation is for a continued bullish move. The target is the resistance zone around 5.520
Trade closed: stop reached
TONUSDT Trade went against the expectation of the analysis
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
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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.