Lingrid | TONUSDT bearish PRESSURE. Possible Short
2025-01-31
Category: None

Recently the crypto market experienced a short-term selloff, but was able to recover and gain bullish momentum. However,  OKX:TONUSDT  has deviated from this trend, as it continues to form lower highs without creating significant bullish momentum. Furthermore, it has broken and closed below the psychologically important level of 5.00, which suggests bearish pressure. On the weekly timeframe, TON has formed a bearish pinbar, indicating selling pressure, and may retest lower levels as a result. I expect the price to move support zone at 4.00. My goal is support zone around 4.430


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