Lingrid | TONUSDT Contraction as a Catalyst for EXPANSION
2025-01-10
Category: None

OKX:TONUSDT  market continues to test the psychological level at 5.00, having bounced off this level multiple times in the past. Currently, the price is forming a descending triangle pattern, characterized by lower highs and relatively equal lows. I believe that if the price breaks and closes above the downward trendline, we could see a surge in the market. Additionally, the channel boundary and a strong support zone around 5.00 provide further context for potential price movement. I anticipate that the market will create a rejection candle, indicating a level of rejection, which could be followed by an upward move. My mid term goal is resistance zone around 5.950



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