Lingrid | TONUSDT inverse HEAD and SHOULDERS pattern

25 oct.

TONUSDT is currently experiencing a prolonged sideways movement above the psychological level at 5.00, forming a range between 5.00 and 5.40. This indicates potential liquidity under this range, particularly at the round number of 5.00. It's likely that the market may continue to move sideways for a while before taking this liquidity. Additionally, the formation of an inverse head and shoulders pattern suggests a possible reversal ahead. If this pattern completes successfully, it could indicate a bullish shift in momentum, potentially leading to a breakout above the range. My mid-term goal is resistance zone 6.00


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻