Toncoin/Tether
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TONUSDT - SELL IDEA

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### TONUSDT SHORT

I've been analyzing TONUSDT on the 15-minute chart, and it looks like a promising short opportunity. The Elliott Wave pattern shows a clear five-wave impulse followed by an 'a' wave correction.

Currently, the price has retraced to the 0.634 Fibonacci level at 7.618, indicating a potential resistance point. This setup suggests a further downward correction.

I'm expecting the next move to target the 1 Fibonacci extension level at 7.345 and possibly extend to the 1.618 level at 7.176. These levels often act as strong support during a corrective phase.

This setup offers a good opportunity to enter a short position, aiming to capitalize on the expected price decline.
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