Looking at the 1day chart $TON seems to be forming a clear head and shoulders pattern, indicating the possibility for a sharp drop in price to below the $6 area.

At this time some bullish momentum could be expected for a day or 2, but ultimately the price might not rise above $7.85 for this week.

I considered this price as a good area to start my Short.

.....since the launch of Tellegram's new native token on 12 June it seems like #TON has lost its attraction among general users and with that much momentum in growth. Considering that news and marketing play a big role in price movements we should hope the team at Tellegram pul a rabbit out of the hat soon.

Thus in my short term view we will likely see some sideways ๐Ÿ“ˆ movement, but medium term much more bearish candles should be expected, unless we see some ๐Ÿ‡๐Ÿฐ๐Ÿ‡