Lingrid | TONUSDT anticipating a BREAKOUT to the Upside
2025-01-17
Category: None

OKX:TONUSDT  market made a false breakout of the previous week's low. Currently, the price is testing the downward channel border, suggesting a potential breakout in the market. On the daily timeframe, the multiple downside spikes indicates buying pressure from support levels, which could be sign of a potential shift in market sentiment. I think the market may consolidate around this level and potentially break upwards from here, starting from next week. Looking left, there was a bullish move before from the support zone at 5.38-5.40. This area may serve as a foundation for a renewed bullish movement, potentially leading to a bull run. My goal is resistance zone around 5.730


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