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 📈 movement, but medium term much more bearish candles should be expected, unless we see some 🐇🐰🐇