Toncoin/Tether
Short

Lingrid | TONUSDT price Deceleration at RESISTANCE Zone

817
TONUSDT market surged by 20% following the surprising news that Telegram founder Pavel Durov had regained his passport, allowing him to travel freely. Consequently, the market bounced off the support level and nearly reached the 4.00 resistance zone. However, as it approached this resistance zone, signs indicated a potential pullback; the price has been decelerating and a bearish divergence is evident. Additionally, on the daily timeframe, we observe candles with wicks indicating rejection. Therefore, I expect the market may form a short corrective move toward the support level. My goal is support zone around 3.330


Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣

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.