We haven’t looked at the#TONCOINchart for a long time and, we confess, we still didn’t have time to write in the channel that on July 5 we were knocked out to breakeven in our position on this asset. We are not entering it again now, because there are many arguments that the fifth wave has been set (and was truncated) and then a long correction begins.

For now, we conclude that our expectations of reaching double-digit values ​​through PG&P have not worked out. There is no such thing as eternal growth, and on TONCOIN we took first + 123.33% and then + 27.45%. 

This third position, the May 22 spot trade, was opened at $6.565 and peaked at +26.6%. They didn’t see the risk of going to a used one. And TONCOIN did not deny itself the tradition of manipulative long squeezes; on July 5, the price touched $6.365.

Then there was a recovery, but we still don’t see the strength of buyers. The price for yesterday and today breaks the EMA of the 50 day TF, and the EMA of the 200 day TF - only by $5.425. No tests since February of this year. If in the coming days the price does not return above the EMA of the 50 day TF, we expect full compensation for all the accumulated overbought. Only a listing level event on the Binance spot can cancel the wait. But somehow he’s still missing.

The day doesn't look as bad as it might seem at first glance. We are more confused by the weekly TF. There is a signal to start a correction from the trend reversal indicator. And it doesn’t crash very often.

One would expect that the correction signal worked as a squeeze on July 5th. But MACD hints that this is not the case and the correction has just begun. There are prerequisites for a longer downward movement, for a month or two. EMA 50 weekly TF, by the way, is $4,485.

We no longer predict the fate of TWT for TONCOIN, where after the pump in the fall of 2022 and the double day, the asset is in a long correction. This is still not the right stage of the market. But anything is possible. The project's capitalization is currently greatly inflated. And the degree of integration into Telegram that was expected is in question after the need to introduce Telegram Stars due to the requirements of application stores.

We remind you that the investment on the asset is withheld. 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.