Lingrid | TONUSDT Sideways Trend Persists for OKX:TONUSDT by Lingrid

Lingrid | TONUSDT Sideways Trend Persists

market continues to trade sideways, with the price respecting both the downward trendline and the support zone between 3.60 and 3.70. The price has pulled back towards the level that was tested last time in March 2024. The narrowing price action suggests an eventual breakout. A break above the trendline could lead to a rally towards the resistance zone at 4.50 considering long tailed bar on the weekly timeframe. I expect an upside breakout following this period of consolidation phase. My goal is resisatance zone around 3.950

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

Lingrid

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