📊 Key Highlights:
1. Bullish Breakout: $TON price broke structure BOS (Breakout of Structure) on the 14th, indicating a potential bullish trend.
2. ChoCH Rejection: However, the price was rejected near $6.40, forming a ChoCH (Change of Character) pattern, which suggests a potential reversal.
3. Fair Value Gap (FVG): The price broke below the FVG, indicating a bearish impulse.
4. Support Level: The price is now eyeing support near $5.60.
📊 Current Market Sentiment:
The bearish impulse has taken over, and the price is now looking for support. A bounce or continuation lower will provide clearer direction for the next move.
📊 Trading Strategy:
1. Wait for Confirmation: Wait for a bounce or continuation lower to confirm the direction.
2. Support Level: Keep an eye on the support level near $5.60.
3. Risk Management: Set stop-losses and manage risk accordingly.
Stay alert, and let's see how the market unfolds! 🔍💡