Lingrid | TONUSDT potential LONG from the KEY zone for OKX:TONUSDT by Lingrid

Lingrid | TONUSDT potential LONG from the KEY zone

market took liquidity below the December low and then bounced off the support level by forming a fake break of the psychological level at 5.00. Recently, the price made a fake breakout of this support level and I believe the market may gradually move higher. If we examine the price action in November at this level, we can see a similar pattern emerging when the price surged from this zone. I expect the market to at least retest the channel border and potentially reach the previous month’s high area. My goal is resistance zone around 5.39

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

Lingrid

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