Lingrid | TONUSDT double BOTTOM at the SUPPORT level
2024-10-11

BINANCE:TONUSDT  bounced off the psychological level at 5.00, creating a double bottom formation. This level also coincided with the previous week's low. Additionally, several rejection candles formed at this support level on the 4H timeframe, indicating strong buying interest. The price broke above and closed above the trendline, which had served as significant support. A triangle pattern formed, and the market broke through it before pulling back, which can be seen as a liquidity grab. I anticipate that the market to continue to rise by breaking through the channel. My goal is resistance zone around 5.330


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