Lingrid | TONUSDT Contraction as a Catalyst for EXPANSION

TONUSDT market continues to test the psychological level at 5.00, having bounced off this level multiple times in the past. Currently, the price is forming a descending triangle pattern, characterized by lower highs and relatively equal lows. I believe that if the price breaks and closes above the downward trendline, we could see a surge in the market. Additionally, the channel boundary and a strong support zone around 5.00 provide further context for potential price movement. I anticipate that the market will create a rejection candle, indicating a level of rejection, which could be followed by an upward move. My mid term goal is resistance zone around 5.950

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