TONUSDT → Bulls dressing up as bears... ↓
2024-10-08

BINANCE:TONUSDT  can't get out of the downtrend, facing a rather strong seller (or lack of buyers, amid fundamental problems). The coin is setting itself up for a further decline.... 

  

The trend change started to show back in July, with strong momentum being generated amid strong outflows due to the market crash following bitcoin manipulation. In Agusta, the coin faced another problem - Pavel Durov's court case, which had an extremely negative impact on the system. 
At the moment, buyers are turning around and have no fundamental and technical strength against the bear. The price is forming a pre-breakdown base relative to the key support at 5.16. A break of this area will open the way to 4.5. 

 Resistance levels: 5.38, 5.44
Support levels: 5.16, 4.7, 4.5 

Buyers are trying to hold 5.16, but the pressure of bears, increasing on the background of bitcoin correction, is increasing, the sellers' strength is growing, which provokes the first to leave the game, close or turn around. In the short term, I expect a breakdown of support and decline

 Rate, share your opinion and questions, let's discuss what's going on with ★  BINANCE:TONUSDT  ;) 

Regards R. Linda!