- June 28, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
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.