TON← Is the coin still bullish? When is $10.00❓
1️⃣TONUSDT still continues to accumulate potential with the purpose of breaking through resistance 7.671 and continuing growth. Bulls are actively defending the zones of interest and continue to hold the positive market structure.
2️⃣Demonstration of a bullish structure. Continuation of upward movement on W1
3️⃣Earlier, on the background of the general market correction the price formed a false breakout, which did not lead to a break of the bullish structure or to a strong fall. From the area of interest (without capturing liquidity) buyers are actively buying the asset and again trying to return to the resistance retest, which will only increase the chance of a breakout. Fundamentally and technically, TON looks very positive at the moment. But this does not mean that sellers are unable to change the nature of the price movement.
📶Conditions under which the upward movement and positive structure will be broken
📈Resistance levels: 7.671, 8.288
📉Support levels: 6.727, 6.202
4️⃣Technically, there is a high probability of a continuation of the upward trend, but there is also a probability of a support break, which will break the uptrend and change the market imbalance. At this point, while the price is consolidating and continues to shrink to resistance, we should consider a bullish set-up.
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