🔍 Key Observations:
Current Price: 2.974 USDT
Support Zone (Demand Area):
Strong demand zone around 2.870 - 2.800 USDT.
Price previously reacted multiple times from this zone, showing strong buyer interest and BOS confirmations.
Resistance Zone (Supply Area):
The next significant resistance lies in the range of 3.306 - 3.400 USDT.
This zone previously caused a BOS to the downside, making it a critical level to monitor for potential profit-taking or reversals.
Market Structure:
Price is currently consolidating just above the demand zone after a bullish BOS.
Recent BOS confirms a shift in structure from bearish to bullish bias.
Potential Price Path:
If price sustains above the 2.870 support, a bullish move targeting the 3.306 level is likely.
Expect short-term retracements within the structure but with a medium-term bullish bias.
Liquidity Mapping:
Liquidity is likely resting above the 3.088 local highs and the 3.306 major resistance.
Smart money may push price to these levels to mitigate orders or engineer exit liquidity.
📈 Educational Perspective:
This chart is a strong representation of Smart Money Concepts (SMC), particularly the use of BOS as confirmation for directional bias. Traders can look to:
Use the demand zone for potential long entries.
Watch for confirmation (like bullish engulfing or internal BOS) within the zone.
Manage trades toward the premium zone near 3.3 for a favorable risk-reward.
Current Price: 2.974 USDT
Support Zone (Demand Area):
Strong demand zone around 2.870 - 2.800 USDT.
Price previously reacted multiple times from this zone, showing strong buyer interest and BOS confirmations.
Resistance Zone (Supply Area):
The next significant resistance lies in the range of 3.306 - 3.400 USDT.
This zone previously caused a BOS to the downside, making it a critical level to monitor for potential profit-taking or reversals.
Market Structure:
Price is currently consolidating just above the demand zone after a bullish BOS.
Recent BOS confirms a shift in structure from bearish to bullish bias.
Potential Price Path:
If price sustains above the 2.870 support, a bullish move targeting the 3.306 level is likely.
Expect short-term retracements within the structure but with a medium-term bullish bias.
Liquidity Mapping:
Liquidity is likely resting above the 3.088 local highs and the 3.306 major resistance.
Smart money may push price to these levels to mitigate orders or engineer exit liquidity.
📈 Educational Perspective:
This chart is a strong representation of Smart Money Concepts (SMC), particularly the use of BOS as confirmation for directional bias. Traders can look to:
Use the demand zone for potential long entries.
Watch for confirmation (like bullish engulfing or internal BOS) within the zone.
Manage trades toward the premium zone near 3.3 for a favorable risk-reward.
Trade closed: target reached
TON/USDT Target Achieved ✅Our TON/USDT trade setup has successfully hit the projected target zone, validating the technical analysis and strategy. The market respected key support and resistance levels, offering a clean move toward our expected price area.
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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.
Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Affiliate Opportunities
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Affiliate Opportunities
Join our Telegram t.me/Mentor_Michael033
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.