Long

Lingrid | TONUSDT Post-Black Swan PRICE Analysis

experienced a significant decline following Durov's arrest, dropping below the May low. However, the price has made a false breakout of this important monthly low. After falling below the psychological level of 5.00, I believe the market may be forming an accumulation zone. The market has retraced 50% of the range between June 2023 and July 2024 and has seen approximately a 45% correction. There is potential for prices to decline further, possibly reaching a 50% correction. Nevertheless, I anticipate that the market will gradually move upward, given the presence of a strong support level and noticeable divergence, which could indicate a potential reversal and buying opportunity. My target is resistance zone at 6.00

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org

Also on:

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.