TON/USDT - Swing Position

Date: 07/12/24

Name: TON/USDT

Market cap
17.37B
0.01%
Volume (24h)
263.27M
33.93%
FDV
34.85B
Vol/Mkt Cap (24h)
1.52%
Total supply
5.12B TON
Max. supply
∞
Circulating supply
2.55B TON




Daily Time Frame – Swing Position – Long!

Reasons to be Bullish Case:
1) Structure: Overall trend is bullish, Ranging
2) Current phase: Currently flipped mid range in upwards direction, mid range is not acting as a major support level.
(4) Internal: Structure Shift towards upside, Pull Back done, uptrend continuation, internal Shift, ready to sky rocket.
(5) Important Key notes: .
- 278 days and still in a range, overall market centiment is quite bullish. Needs a catalyst to sky rocket.
- Currently holding Previous resistance(Midrange) as its support and key level on Daily Time frame range.
Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining (75k – 80k)
5) Due to liquidity generated and Demand zone sitting below.
6) if $5.678 is not hold, then we can see further buying opportunities on marked point of interests.
7) Invalidation below $5.678

Trade Plans:
BUY CMP: $6.8
DCA: CMP – $4.8

Invalidation: $4.8

Trend Based Fibionacci Targets:
Target 1: $ 11
Target 2: $ 14.9
Target 3: $ 17.36
Target 4: $ 21.3

**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **