$TON The Bounce That Broke Its Back.....
$TON just printed a classic bull trap with a lower high at 2.935 followed by a decisive red engulfing candle. The 4H structure shows exhaustion, and sellers are reclaiming control a prime opportunity for a short entry before deeper correction.
š» SHORT Trade Setup
ā¢ Entry Zone: 2.825 ā 2.850
ā¢ TP1: 2.740
ā¢ TP2: 2.655
ā¢ TP3: 2.605
ā¢ Stop Loss: Above 2.880
Market Insight:
#TON failed to maintain upward momentum after a weak recovery. Price has slipped back into the previous range and any bounce may be met with selling pressure. Look for breakdown continuation if volume supports the move.