Toncoin (TON): Worst Case Scenario
As there are a lot of talks about Bitcoin, we are looking at it in a bigger timeframe.
We are seeing that price had a nice downward movement resulting in a possible break of structure to happen near the support zone.
We are now looking at that zone and if it is broken, then a further movement to lower zones will happen, filling all those FVGs.
Swallow Team
We are seeing that price had a nice downward movement resulting in a possible break of structure to happen near the support zone.
We are now looking at that zone and if it is broken, then a further movement to lower zones will happen, filling all those FVGs.
Swallow Team
Note
Toncoin is trading still below 200EMA, giving us a good possibility for a downward movement here.
As price struggles to breakdown or have a bounce, we might see some liquidity moves here near that EMA, so eyes on it!
Note
Toncoin is being pressured by sellers despite some smaller good news about the CEO of Telegram.
Our gameplan has not changed a bit here so we wait for that supportive zone to be broken, which would start a strong downward movement!
Note
Toncoin did a small 19% market price movement but eventually bounced back up and now is trading around 200 EMA.
As we are back near our entry zone, we wait for a possible further pressure from sellers, which would lead the price back below that support zone!
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🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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