#TONUSDT Trendline Break & Double Bottom

#TON\n\nThe price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.\n\nThe Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.\n\nThere is a key support zone (in green) at 1.74, and the price has bounced off this zone several times, making it a strong support level.\n\nThe price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.\n\nEntry Price: 1.90\nFirst Target: 2.00\nSecond Target: 2.08\nThird Target: 2.17\n\nYou can stop at the first and second targets and close below them, or continue towards the third target. Stop Loss: At the resistance zone (in green).\n\nRemember this simple rule: Money Management.\n\nAny questions? Please leave a comment.\n\nThank you.