$TON
BEARISH REVERSAL ?! 🤔
Rising wedge forming on the D TF.
This kind of patterns typically signal a potential bearish reversal, as breakouts usually occur through the lower trend line.
Key elements to watch for confirmations of a rising wedge pattern:
_A temporary uptrend in price action.
_A decline in trading volume.
_The convergence of two trend lines, indicating an imminent downward breakout.
As always, be patient and observe the charts ⏳️
Confirmations are necessary before taking any position.
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