TONUSDT

2024年8月11日

I’m considering a short-term short position on TON. My target is the sell-side liquidity below, which I’ve marked on the chart. I will open the trade if the liquidity and stop losses at the resistance level are absorbed. I’ll look for an entry point on lower timeframes, focusing on local order blocks and a break of structure.

2024年8月11日

取消訂單

So, the sell-side liquidity was successfully absorbed, but unfortunately, the local imbalance was not absorbed beforehand. Now, I’ll be looking for an entry point for a long position. Our new target is the liquidity at the resistance level and the imbalance. After that, I expect the asset to appreciate towards the $6.8-$7.0 range.