It seems like TON coin is exhibiting indications of a potential reversal. Presently, it is forming a falling wedge pattern, which suggests the possibility of a significant upward movement, potentially reaching the 200 Simple Moving Average (SMA). Once it reaches that level, it would be prudent to reassess the situation and determine whether it could further advance towards the local high.
For now, I am being cautious and setting alerts to keep a close eye on the market. I am particularly interested in monitoring the stochastic Relative Strength Index (RSI) and waiting for it to reset before finalizing my decision on entering a position.
Trading requires careful observation and analysis, so it's crucial to be patient and let the market reveal its intentions. I will continue to stay vigilant and adapt my strategy accordingly based on the unfolding market conditions.
For now, I am being cautious and setting alerts to keep a close eye on the market. I am particularly interested in monitoring the stochastic Relative Strength Index (RSI) and waiting for it to reset before finalizing my decision on entering a position.
Trading requires careful observation and analysis, so it's crucial to be patient and let the market reveal its intentions. I will continue to stay vigilant and adapt my strategy accordingly based on the unfolding market conditions.