TONUSDT Lower Highs break-out but Resistance come to play

Toncoin (TONUSDT) made a convincing bullish break-out yesterday above the Lower Highs trend-line that has been keeping the price action below since the April 21 dump. Today it is attempting a 1D candle closing above the 1D MA50 (blue trend-line).

After the break-out that turned the trend bullish at least on the short-term, the Resistance levels formed of the previous Lower Highs are now coming to play. Our strategy is to buy every 1D candle close break-out and target just below the next Resistance.

Tradingview link:

https://www.tradingview.com/chart/TONUSDT/rji9x4ri-TONUSDT-Lower-Highs-break-out-but-Resistance-come-to-play