TON/USDT - Swing Position
2024-12-08

Date: 07/12/24

 Name: TON/USDT 

 	Market cap
$17.37B
0.01%
Volume (24h)
$263.27M
33.93%
FDV
$34.85B
Vol/Mkt Cap (24h)
1.52%
Total supply
5.12B TON
Max. supply
∞
Circulating supply
2.55B TON


 

 Daily Time Frame – Swing Position – Long! 

 Reasons to be Bullish Case:  
 1)	Structure:  Overall trend is bullish, Ranging
 2)	Current phase:  Currently flipped mid range in upwards direction, mid range is not acting as a major support level. 
 (4) Internal:  Structure Shift towards upside, Pull Back done, uptrend continuation, internal Shift, ready to sky rocket.
  (5) Important Key notes:  . 
- 278 days and still in a range, overall market centiment is quite bullish. Needs a catalyst to sky rocket. 
- Currently holding Previous resistance(Midrange) as its support and key level on Daily Time frame range.  
 Worst case Senerios:   
4)	Bitcoin is currently at All time high, liquidation flush remaining ($75k – $80k)
5)	Due to liquidity generated and Demand zone sitting below.
6)	if $5.678  is not hold, then we can see further buying opportunities on marked point of interests. 
7) 	Invalidation below $5.678

 Trade Plans:  
BUY CMP: $6.8
DCA:  NYSE:CMP  – $4.8

 Invalidation:  $4.8

 Trend Based Fibionacci Targets:  
Target 1: $ 11
Target 2: $ 14.9
Target 3: $ 17.36
Target 4: $ 21.3

 **This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **
 
