Watch out for $TON , the market is currently under Bearish Control, and it's best to monitor price action at nearby support levels (1.955) while waiting for a clear reversal signal on the smaller timeframes before making an entry decision.
Bearish Scenario (Continued): If the price remains below 1.984 (MA60), it may push the price to test the previous daily low at 1.955 as the first support level.
$TON
Bullish Scenario (Corrective): With the RSI nearing oversold territory, any stability above the 1.960-1.970 levels could result in a quick bounce to visit the 1.984 (MA60) level and then attempt to test it to move towards the 1.990 range.
First Target (TP1): At 1.955 (testing the previous daily low, here it is advised to move the stop to the entry point and secure profits).
Second Target (TP2): At 1.930 (a historical support level expected in case the low is broken).
Third Target (TP3): At 1.900 (the main extended target for the current bearish momentum).
$TON
#Crypto #cryptouniverseofficial
Bearish Scenario (Continued): If the price remains below 1.984 (MA60), it may push the price to test the previous daily low at 1.955 as the first support level.
$TON
Bullish Scenario (Corrective): With the RSI nearing oversold territory, any stability above the 1.960-1.970 levels could result in a quick bounce to visit the 1.984 (MA60) level and then attempt to test it to move towards the 1.990 range.
First Target (TP1): At 1.955 (testing the previous daily low, here it is advised to move the stop to the entry point and secure profits).
Second Target (TP2): At 1.930 (a historical support level expected in case the low is broken).
Third Target (TP3): At 1.900 (the main extended target for the current bearish momentum).
$TON
#Crypto #cryptouniverseofficial