🚀 TONUSDT Trading Analysis 🚀
📊 This chart for TON/USDT on the 1-hour timeframe shows a significant downtrend line (black) that has been recently broken, signaling potential upward movement. 📈
Key Levels:
Resistance Zone (Red): 7.254 - 7.500 ❌
Support Zone (Red): 7.085 - 7.162 ✅
Major Support Zone (Green): 6.370 - 6.460 🟢
Target Prices (TP) 🎯:
TP-1: 7.382
TP-2: 7.548
TP-3: 7.664
TP-4: 7.849
TP-5: 8.053
TP-6: 8.087
TP-7: 8.112
Analysis 🔍:
The trader expects the price to rise after breaking the downtrend line, targeting the levels mentioned above. Entry and exit points are:
Entry Point: Around 7.321 (just above the support zone) 📌
Targets: From 7.382 to 8.112 📈
Stop Loss: Around 7.085 (below the support zone) 🛑
Strengths & Weaknesses:
Strengths: Breaking the downtrend line and proximity to the support zone 💪
Weaknesses: Strong resistance zones ahead 🚧
Overall, this is a long trade setup expecting a gradual upward movement towards the target prices based on technical analysis. 📉➡️📈
📊 This chart for TON/USDT on the 1-hour timeframe shows a significant downtrend line (black) that has been recently broken, signaling potential upward movement. 📈
Key Levels:
Resistance Zone (Red): 7.254 - 7.500 ❌
Support Zone (Red): 7.085 - 7.162 ✅
Major Support Zone (Green): 6.370 - 6.460 🟢
Target Prices (TP) 🎯:
TP-1: 7.382
TP-2: 7.548
TP-3: 7.664
TP-4: 7.849
TP-5: 8.053
TP-6: 8.087
TP-7: 8.112
Analysis 🔍:
The trader expects the price to rise after breaking the downtrend line, targeting the levels mentioned above. Entry and exit points are:
Entry Point: Around 7.321 (just above the support zone) 📌
Targets: From 7.382 to 8.112 📈
Stop Loss: Around 7.085 (below the support zone) 🛑
Strengths & Weaknesses:
Strengths: Breaking the downtrend line and proximity to the support zone 💪
Weaknesses: Strong resistance zones ahead 🚧
Overall, this is a long trade setup expecting a gradual upward movement towards the target prices based on technical analysis. 📉➡️📈
Trade closed: target reached
TP=3 🎖️🟢🟢🟢Note
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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.
Related publications
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.