TONUSDT. Looking for sales opportunity
Hi traders and investors!
It might be time to open short positions on TON.
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways movement. The buyer's vector 4-5 has reached all its targets. Yesterday, the seller brought the price back into the range, and the daily candle closed below the upper boundary of the range at 7.675. Additionally, a seller's zone has formed at the upper boundary of the range (red rectangle on the chart). The lower boundary of the range is at 4.5983. The current seller's vector 5-6 has a potential target of 5.18. The nearest obstacles are 6.58 and 5.9777.
Hourly Timeframe Analysis
On the hourly timeframe, there is a downtrend. The last selling impulse started from the level of 7.5862. This level also serves as the seller's defense of the breakout from the range on the hourly timeframe (marked as RPL on the chart). Currently, the price has interacted with the 50% level of the last selling impulse (7.2243) but has not been able to overcome it so far.
Selling Strategy
It is reasonable to look for selling opportunities based on the idea of realizing the seller's vector 5-6 in the range on the daily timeframe. Possible levels to look for sales if defended by the seller include 7.5862 (hourly timeframe) and 7.675 (daily timeframe).
Alternatively, after a new selling impulse appears on the hourly timeframe, identify the seller's areas of interest and look for selling opportunities from the defense of these areas.
It might be time to open short positions on TON.
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways movement. The buyer's vector 4-5 has reached all its targets. Yesterday, the seller brought the price back into the range, and the daily candle closed below the upper boundary of the range at 7.675. Additionally, a seller's zone has formed at the upper boundary of the range (red rectangle on the chart). The lower boundary of the range is at 4.5983. The current seller's vector 5-6 has a potential target of 5.18. The nearest obstacles are 6.58 and 5.9777.
Hourly Timeframe Analysis
On the hourly timeframe, there is a downtrend. The last selling impulse started from the level of 7.5862. This level also serves as the seller's defense of the breakout from the range on the hourly timeframe (marked as RPL on the chart). Currently, the price has interacted with the 50% level of the last selling impulse (7.2243) but has not been able to overcome it so far.
Selling Strategy
It is reasonable to look for selling opportunities based on the idea of realizing the seller's vector 5-6 in the range on the daily timeframe. Possible levels to look for sales if defended by the seller include 7.5862 (hourly timeframe) and 7.675 (daily timeframe).
Alternatively, after a new selling impulse appears on the hourly timeframe, identify the seller's areas of interest and look for selling opportunities from the defense of these areas.
Good luck with your trading!
