How TON and NOT look in terms of the wave on the "Durov dump".
Both assets are in wave C in the ABC correction after growth since August 5.
The wave structure seems to have been formed, but the question is whether the low of wave C has been set? With a dump of 18-20% - it should be enough to collect liquidity. But given that there will clearly be more bad news on Durov (there are few chances for a sudden happy end) - it is impossible to speak with confidence.
We have a spot deal only on #NOT. Considering the entry on the correction and today's paper profit of +16%, this dump does not look like something scary yet. Although for someone it was a tough long squeeze on the long chart. On the spot, our drawdown was -7.6% at the moment, now -3%.
On today's growth on NOT, the volume level of $0.001194 showed itself as a very expressive resistance. To which the EMA 200 of the four-hour TF just came. Well, and on the daily TF, all of today's growth showed the sellers' reaction clearly after touching the EMA 50 of the daily TF. As they wrote in the setup: In general, the break of the uptrend idea from the current ones is consolidation under $0.00920.
Let's watch for now. Of course, there are reasons for concern. The daily candle now generally speaks of the risk of breaking the uptrend.Until its closing hour.
