Of the fresh open positions - yesterday's for TONCOIN is still in a drawdown of -7.83%.
The stop has not yet been closed, which is why they wrote at the end of the transaction post:
“We set a short stop, $4,922, because if the price begins to consolidate under the EMA of the 50 day TF, this is a threat of cancellation of the idea. Considering the manipulative squeezes of -20% TONCOIN has on history, the order has not yet been placed. But we will accompany you carefully. And we can close when the stop is reached and the trigger is the body closing the daily candle below the EMA of the 50 day TF.”
If today there is no bullish shadow of the candle from below, we can close at the current minus at the end of the day and wait for new reversal signals.
The asset had 11 “Cheap” signals during the day for TONCOIN, of which 5 were false. The statistics on the chart for this asset are not the best. But some of the false signals included cancellation warnings. Plus, support in the form of the EMA of the 50 day TF was still important for the setup. And what confuses me the most so far is the fastening under it.
For now we are watching, expecting a rebound in the market due to the resistance that the dominance of USDT+USDC has reached. Let’s add to the morning market review that dominance came not only to resistance in the form of the EMA 200 of the daily TF, but also to the EMA 200 of the weekly TF. This is a powerful combo worth considering. Not for TONCOIN, but for the market as a whole.
For TONCOIN, the markers so far are today's candle and the EMA of the 50 day TF. If the candle is bearish and we see consolidation under the EMA, we will close it with our hands. If we exit following the stop, we will buy again later, because the stop does not invalidate the whole idea, it gives the opportunity to enter lower. Then we will wait for new signals from the trend reversal indicator, wait for the breakdown of the downward trend in the RSI on the daily basis.