maartunn
TON: Normalized Risk (Medium Turn) Signals Bottom Formation ๐
The Normalized Risk Metric, developed by Joao Wedson, is approaching low-risk territory. Historically, these levels align with local price bottoms during market dips. Similar patterns were observed in the past: - August 5, 2024: Price hit $5.3 before climbing to $6.8. - September 6, 2024: Price rebounded from $4.6 to $5.9. While it may take time for this metric to fully bottom out and reach its lowest risk level, current data suggests it's nearing a key inflection point.