TON / USDT
Main analysis timeframe: 15m – 1h
Trend:
• Current trend: Bearish (Creating a bottom - Consolidation)
• Important price levels: Sup: 1.57 – 1.58 | Res: 1.68 – 1.72
Liquidity Map:
• Liquidity above: 1.75 (Nearest Swing High & EMA 50)
• Liquidity below: 1.55 (Stoploss of early bottom pickers)
• Liquidity hunting potential: Potential to sweep down to 1.57 to shake out before recovering.
Funding & OI:
• Current funding: Neutral/Negative (Shorts are slightly dominating)
• OI increase/decrease, signal: Low OI, sign of supply exhaustion (Exhaustion).
Technical Indicators:
• RSI: 38 -> 42 (Potential Bullish Divergence)
• MACD: Histogram starting to narrow the downward momentum.
• Volume: Slight increase at 1.58 (Buying pressure from bottom pickers).
Trade Setup:
• Entry: 1.58 – 1.61
• Take Profit (TP): 1.72 – 1.80
• Stop Loss (SL): 1.54
• Bias: LONG
Click here to trade:
• Reason: Price Action forming a Double Bottom pattern at strong support 1.58, RSI oversold on H1, expecting a technical rebound.
Risk Note:
Maintain SL discipline. Main trend remains weak, only Scalp during the rebound.