Hey Binance Fam,
Let's talk Toncoin! We're seeing a potential "cup and handle" pattern forming on the chart. What does that mean?
Understanding the Cup & Handle
Think of it like a cup of coffee with a little handle attached.
* The Cup: This is the rounded bottom of the pattern where the price dips and then starts to rise.
* The Handle: This is a small consolidation period where the price moves sideways or slightly downwards before breaking out.
What's next for Toncoin?
If this cup and handle pattern plays out, we can expect a bullish breakout. This means the price could surge upwards!
What to do now?
* Wait for the breakout! We need to see a strong move above the right side of the handle.
* Keep an eye on the volume. High volume during the breakout can confirm the bullish move.
Remember:
* This is just an analysis and not financial advice.
* Always do your own research and trade responsibly.
Let's keep learning and growing together, Binance Fam!