AnalysisExercise

#AnalysisExercise so depending on the depth very big demand at 0.27 resell around 0.32 for cookie, is that right?

$TON /USDT 24-Hour #AnalysisExercise
💵💶💵💶🤑🤑🤑🏎️
Current Price
3.295 USDT (-2.60%)

24h High/Low
High: 3.439
Low: 3.270

Volume
TON: 8.20M
USDT: 27.69M

Moving Averages
MA7: 3.299
MA25: 3.356
MA99: 3.708
MA5: 124,334.98
MA10: 116,886.27

Target Levels
TP1: 3.390
TP2: 3.439
TP3: 3.943 (Breakout Target)

Support/Resistance
Support: 3.270
Resistance: 3.439

Trend Outlook
Slightly bearish in the short term, as the price is below the short-term moving averages. The price is testing support near 3.270, with resistance at 3.439.

Entry Zone
3.270 to 3.290 on retest or breakout above 3.390 with volume confirmation.

Stop Loss
3.270 (tight), 3.252 (medium)

Risk/Reward
Potential upside to 3.943. Potential downside to 3.270. The risk/reward ratio is favorable for those adhering to the plan.

Protip
Monitor for a strong bounce at support (3.270) or a breakout above 3.390 with increased volume. This will be the signal for further price action.

Let me know if you'd like further analysis!

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#AnalysisExercise

🔥 “Well spotted @MrMeudiz , you have the eye of a keen trader! 👀💡”

✅ You have identified a key level at 0.27: strong demand means solid support where buyers are ready to accumulate.

📈 Selling at 0.32 may seem logical if the trend is up, but have you looked at the red cliffs in the face? 🤔

Are the resistances at 0.30/0.32 weak or strong?

Does the book show aggressive sellers at this level?

Can selling pressure stop the bullish momentum before 0.32?

🎯 Small challenge: If the demand at 0.27 is so strong, what happens if it is absorbed and there are no buyers left at the bottom? Have you considered a scenario of a return to the downside?

💬 In short, well done for your observation, but a real pro does not stop at a single data in the notebook! 😉 Continue to refine your analysis and you will do wonders! 🚀