The TONCOIN (TON) rate updated its ATH, reaching $7,873. So far, having removed liquidity behind the high, the price has corrected back to the downward trend since April 11. And although the daily candle doesn’t look very good yet, with a bearish shadow on top, as long as the price is above this trend, continued growth is a priority.

The growth is supported by positive news:

- Pavel Durov promised on June 3 to release a “large-scale”#Telegramupdate this week.

- Trading platform Robinhood announced the listing of #TONCOIN.

The movement can be viewed as the formation of pHyP at its peak. In general, this is a reversal pattern on loys, but in a bullish market it also works as a local correction from the high. Especially when it comes to ATH. The main thing is the presence of buyer power. If the idea with P&P works out, his target is around $10,440. But it is worth remembering the alternative - the fate of the#TWTgrowth fractal of autumn-winter 2022. Where, after the high updates, the price went into a protracted and long correction. There was a "Double Top". Here the schedule is different. But it could end the same way. A sharp reversal and removal of all accumulated liquidity of the bulls.

Our speculative position, opened on May 22 at a rate of $6.565, is now +13.68%. We opened a deal with half of the allocated deposit, expecting to get $5.9, but the price was not allowed there. Yes, we canceled the order because locally there were signs of weakness and risks of going lower. While we continue to hold, we set a stop at breakeven.

In this trade, growth for the asset is still weak, but:

- On May 16, 2024, we closed speculation on#TONCOINat +27.45%. 

- At the end of March 2024, we closed speculation on#TONCOINat +123.33%, opened in October 2023.

- Since December 2022,#TONCOINhas been collected in parts as part of the investment portfolio for crypto wallet tokens. With an average entry point of $2.1194. The investment plans are still the same - to sell in 2025. But we will navigate as we go.

An excellent volatility asset for spot. And this is not the maximum that could be gained from growth from the fall of 2023.