Lingrid | TONUSDT remains in a SIDEWAYS Trend

8 nov

The price perfectly fulfilled my last idea. It has reached the target level. TONUSDT is currently making lower highs, indicating a potential bearish trend, and is also making equal lows, indicating that there is still buying pressure. Given this price action, it is possible that the market could move lower to break the recent equal lows before attempting to move higher. I expect the market could take liquidity below the support level, which would support a bullish move and a retest of the descending trendline that has been in place since August. My target is the resistance zone around 5.775

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