📉 $TON – Bearish Structure Maintained After BOS
Current Price: $2.925 (+6.52%)
— Context: Despite a temporary spike, $TON remains under a bearish structure. The chart shows a clear Break of Structure (BOS) to the downside, and the recent rally appears to be a liquidity grab from the weak low near $2.80.
— Market Structure: EQL (equal lows) swept, but no confirmed shift in structure to bullish. Price is still below the key supply zone at $3.32–$3.40.
— Bias: Bearish unless $3.33 supply zone is broken convincingly
— Short Entry Zone: $2.95–$3.05 (rejecting previous structure level)
— Stop Loss: Above $3.33
— Targets:
• TP1: $2.80
• TP2: $2.60 (next demand/weak low sweep zone)
Unless bulls reclaim the supply zone, the path of least resistance remains to the downside.
