TON/USDT 4H: Reversal Confirmed as Neckline SnapsToncoin/USDTOKX:TONUSDTmelikatrader94Hi! The 4-hour chart for Toncoin shows a beautifully structured reversal pattern playing out. Following a prolonged corrective phase, the bulls have successfully built a rock-solid floor and engineered a clean macro structural shift. The Reversal Foundation Everything on this chart points to a completed accumulation phase right at the key horizontal support: The Compression Base: The structural floor around the $1.70 handle marks the exact start of the compression, holding firm against repeated bearish attempts to drive price lower. The Double Bottom & Divergence: TON printed a textbook "Double bottom" pattern inside this base. The second leg was backed by a clear bullish Divergence on the RSI, proving selling momentum was completely exhausted. The Volume Spikes: The two highlighted vertical orange ovals on the volume profile confirm institutional interest. Substantial buying volume entered the market on both the second bottom defense and the initial breakout push. The Structural Breakout & Target The immediate price action is highly bullish. TON has confidently broken the SMA (100-period), turning a long-standing dynamic resistance line into immediate support. More importantly, the neckline is broken at the $2.20 resistance level. The recent aggressive impulse candle cleared this structure, confirming that the bearish cycle has officially ended. The current minor pullback is a healthy retest of the broken structure. The mapped-out path outlines the ideal entry and continuation scenario: looking for a higher low to form around the 100 SMA before the next expansion wave runs straight toward the macro horizontal supply zone marked at $2.60. I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!