Toncoin/TetherShort
TONUSDT pullback from recent high
TONUSDT briefly surpassed last week’s high but quickly retraced, dropping back below that level. While this could be interpreted as a false breakout, the price did manage to close above it on the daily timeframe, creating mixed signals. I anticipate the market may decline toward resting liquidity beneath the key 6.00 level. It's worth noting that corrections often occur during weekends. Furthermore, the market has repeatedly rebounded from the resistance zone between 7.20 and 7.50, making a pullback likely. The target is the support level at 6.060.
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.