TONUSDT
I’m considering a short-term short position on TON. My target is the sell-side liquidity below, which I’ve marked on the chart. I will open the trade if the liquidity and stop losses at the resistance level are absorbed. I’ll look for an entry point on lower timeframes, focusing on local order blocks and a break of structure.
Order cancelled
So, the sell-side liquidity was successfully absorbed, but unfortunately, the local imbalance was not absorbed beforehand. Now, I’ll be looking for an entry point for a long position. Our new target is the liquidity at the resistance level and the imbalance. After that, I expect the asset to appreciate towards the $6.8-$7.0 range.
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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.