MAJOR Breakout from the descending channel, a pump is coming!🟢 Local timeframe: 4-hour. Asset group: low liquidity.
📈 A descending channel has been in place since the listing of this asset, currently down -59.6% (at one point it was -63%, but that’s not critical). The price has now stabilized, moving sideways, but it’s being squeezed toward the descending channel. Most likely, we’ll see a breakout soon, in line with the broader market trend—“Altseason,” the one everyone’s been waiting for. 😄
⚠️ Additionally, a triangle is forming with narrowing volatility, suggesting we’re close to a resolution.
❗️Important! There has been no breakout yet, and a new trend is just starting to emerge.
📉 Be aware of the possibility of a false breakout or a pullback within the triangle. Also, take into account the extremely low liquidity, which means unexpected “tricks” can happen. Avoid trading with high leverage—it’s better to wait for a confirmed breakout. Yes, it may cost a bit more, but you’ll trade with more confidence.
👀 Note the large cup pattern being formed on many assets right now. It’s better to sell near the median line of the cup, which is 134% from the bottom. Beyond that, it’s not your concern if you’re trading locally—all levels are outlined.
✔️💸 It’s a bit surprising that this asset has been driven down so much, considering the significant promotional campaign and massive fan base. They will pump it for sure, but it seems they’re shaking out “weak hands” first. The chart is similar to DOGE, except everything is happening faster here, as they seem to have limited time and want to quickly destroy confidence in the project. Keep in mind that the TON group includes DOGE-like assets and others—these will be pumped sequentially, creating multiple opportunities to rotate your capital. Use this situation wisely, as events will unfold quickly.
Also worth noting: right now, many are afraid to buy because they’re expecting yet another bottom—maybe the tenth one for good measure.
