Lingrid | TONUSDT faces Challenges in CLOSING above 6.00 level
2024-10-04

The price perfectly fulfilled my last idea. It hit the target level.  OKX:TONUSDT   bounced off the psychological level at 6.00 and is heading toward another level below 5.00. A significant bullish divergence has formed on the 1H timeframe, increasing the likelihood of a bounce off the support level and downward trendline. I believe the market may enter an accumulation phase between the 6 and 5 levels. Nevertheless, I expect the price to rebound as the bearish momentum is fading. My target is resistance zone at 5.670



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