Why I use 60x leverage Because I know it will be bearish The main factor is the volume increases and a temporary pump And RSI Overbought It can be assured to be bearish even if not significant
đĄ Conclusion of Bullish Signal: ⢠Strong rebound from significant support ⢠Large volume supports the increase ⢠RSI is trending upwards ⢠Higher low structure is forming ⢠Potential to break EMA resistance
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â ď¸ Caution Note: ⢠Still below EMA (thus not fully bullish technically). ⢠Need confirmation of breaking EMA + higher high for further confirmation of upward trend.
⢠The market is in a consolidation phase. ⢠Breakout or breakdown is very likely to occur in the near future as the price is very close to the tip of the triangle.
Bullish Scenario: ⢠If the price breaks out from the upper line of the triangle with high volume, the potential rise could reach the area of 3.6â3.7 or more.
$TON Bullish Scenario: ⢠If the price breaks out from the top line of the triangle with high volume, then the potential rise could reach the area of 3.6â3.7 or higher.
Bearish Scenario: ⢠If the price breaks down from the bottom line of the triangle, then it could drop to support around 3.15 or even 2.97.