TON → is in a danger

7 sep.hello guys.

Head and Shoulders Pattern: A classic bearish reversal pattern has formed with a left shoulder, head, and right shoulder, indicating potential downside.

Neckline Break: The price has broken below the neckline around $5.30, confirming the pattern and suggesting further bearish momentum.

Target Projection: The measured move target from the head to the neckline projects a potential drop towards $3.27.

Resistance Levels:

Immediate resistance at $5.30 (previous neckline).
Further resistance near $6.10 (potential pullback area).
Support Levels:

Immediate support around $4.60.
Major support at $3.27 (pattern target).

Outlook: Bearish, with a high probability of a decline towards the $3.27 level unless the price reclaims the neckline. Watch for any signs of reversal or a break above $5.30 to invalidate the bearish scenario.

___________________________

✓✓✓ Always do your research.

❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.

❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment

9 sep.

Kommentera

it is toward the $5.7 level

i förrgår

Trade stängt: målet nått

the target of the long position achieved!
now the short position is activated