TONCOIN / USDTLong
TON/USDT - Swing Position
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:
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. **
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:
CMP – $4.8Invalidation: $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. **
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.
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.