Lingrid | TONUSDT bearish PRESSURE. Possible Short

Recently the crypto market experienced a short-term selloff, but was able to recover and gain bullish momentum. However, has deviated from this trend, as it continues to form lower highs without creating significant bullish momentum. Furthermore, it has broken and closed below the psychologically important level of 5.00, which suggests bearish pressure. On the weekly timeframe, TON has formed a bearish pinbar, indicating selling pressure, and may retest lower levels as a result. I expect the price to move support zone at 4.00. My goal is support zone around 4.430

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

Trade closed: target reached

Lingrid

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