TON → is in a danger
2024-09-07

hello guys.

 Head and Shoulders Pattern:  A classic bearish reversal pattern has formed with a left shoulder, head, and right shoulder, indicating potential downside.

 Neckline Break:  The price has broken below the neckline around $5.30, confirming the pattern and suggesting further bearish momentum.

 Target Projection:  The measured move target from the head to the neckline projects a potential drop towards $3.27.

 Resistance Levels:
 
Immediate resistance at $5.30 (previous neckline).
Further resistance near $6.10 (potential pullback area).
 Support Levels:
 
Immediate support around $4.60.
Major support at $3.27 (pattern target).

 Outlook: Bearish, with a high probability of a decline towards the $3.27 level unless the price reclaims the neckline. Watch for any signs of reversal or a break above $5.30 to invalidate the bearish scenario. 

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