Market Update: A Further Look at Ton Coin
Let’s clear something up—my previous post on Ton was not about the recent one-hour timeframe drop 📉. Instead, I’m focusing on the higher timeframe setup, which is what truly matters.
🔍 Key Observations:
Looking at the 3-day timeframe, if by the end of today the 3- days closes, we would call it an inverted hammer. However, since it closes tomorrow, we need to wait and see what happens.
Now, let’s go deeper
The monthly candlestick has already formed a hammer . This brings up some important questions:
🔹 Will the market stay at this level for the next 10 days?
🔹 Will the market keep pushing higher 📈, changing the hammer structure?
🔹 Will the market move downward ?
🔹 Will the market drop first, then recover before the monthly candle closes?
⏳ Patience is key! Let’s watch closely. 👀
⚡ Remember: Trade what you see, not what you think!
