hello guys.

Head and Shoulders Pattern: A classic bearish reversal pattern has formed with a left shoulder, head, and right shoulder, indicating potential downside.

Neckline Break: The price has broken below the neckline around $5.30, confirming the pattern and suggesting further bearish momentum.

Target Projection: The measured move target from the head to the neckline projects a potential drop towards $3.27.

Resistance Levels:

Immediate resistance at $5.30 (previous neckline).

Further resistance near $6.10 (potential pullback area).

Support Levels:

Immediate support around $4.60. Major support at $3.27 (pattern target).

Outlook: Bearish, with a high probability of a decline towards the $3.27 level unless the price reclaims the neckline. Watch for any signs of reversal or a break above $5.30 to invalidate the bearish scenario.#TON #TelegramCEO $TON