Possible setup for TON to retest 7$

27 thg 9

Currently, we are seeing a very exhausted multi-month downtrend. Just like in 2023, it’s very possible that with some sort of positive news injection, TON could start a big explosive move to the upside.

Technically, it’s forming a triple-bottom formation and a higher low on the weekly chart. The TON/BTC chart is also showing a potential double bottom.

In my opinion, money will start flowing from XRP, SOL, ETH, and BTC into coins like this over the next few months.

The plan is simple: I’ll buy a 30% spot position here and DCA every 10% drop until $2. Below $2, I’ll double my longs and go 2x. (I highly doubt it breaks under $2.5, but it’s better to play safe than sorry.)

12 thg 10

Giao dịch đang hoạt động

Well as I said better to play safe than sry ! unfortunately I missed those long wick to the downside but I managed to add 30% more to my longs at 2.1$ , now avg buy price is 2.4$

12 thg 10

Ghi chú

Usually, after big crashes like this, exchanges immediately push the price back up — because all the long positions are wiped out. If the price keeps dropping, short positions would become billionaires, and many traders would rush to cash out, which could make the exchange — or rather, the gambling house — go broke.

12 thg 10

Ghi chú

I wont be surprise even if we see 4$ in 2-3 weeks

12 thg 10

Ghi chú

The main rule of trading crypto is simple: “The price moves where exchanges make the most profit.”
Understand this, and you’ll be a profitable crypto trader