TONUSDT market fell alongside the broader crypto market. However, we can observe that the price is approaching the channel border. Analyzing the price action, it becomes clear that the market lacks momentum, indicating that bullish movements are significantly weaker than bearish ones. Prior to the recent sell-off, the price was in an accumulation phase, forming a triangular pattern. I think the price may head back to retest this zone. I expect that it will test the midpoint of the triangle's downward trendline and a key psychological level before continuing donward move, as the overall trend remains bearish. My goal is support zone around 2.55Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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💰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.