#TONUSDT | 4 HOUR TIMEFRAME UPDATE
I know it’s Saturday, but let’s take a quick look at the #TON analysis: 👇👇
On the 4H timeframe, we’re clearly in a downtrend. Since November 20th, the price has been moving inside a wide range between $1.6565 and $1.4490, meaning #TON is currently stuck in a consolidation zone. 📊
As long as the price remains inside this downtrend, the market structure is still bearish, and we should continue looking for short setups.
🐂 Bullish Case Scenario
For a bullish shift, TON needs to break strongly above $1.6688. If we get a clean breakout and confirmation above this level, we can start looking for potential long opportunities.
Which Scenario Is More Likely? 🤔
In my view, the bullish scenario is more probable for #TON — but only after we see a confirmed breakout above the current range. Until then, patience is key.
