Accumulation Done. Retest Passed. Next: Moon Mode Activated! š
#TONCOIN is shaping up beautifully! Hereās the full breakdown:
š¹ Breakout & Retest:
TON broke out of a major channel resistance last year around $2.66, followed by a clean retest at the same zone ā confirming strong Support and Accumulation.
š¹ Current Structure:
After the successful retest at $2.66 (Support/Accumulation Zone), TON has started a fresh bullish structure.
Price is now building momentum above key dynamic trendlines.
š¹ Smart Money Concepts (SMC) Observation:
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Breaker Block (Accumulation Phase) confirmed at the $2.6ā$2.7 zone.
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Classic Reclaim + Retest + Rally setup ā typical Smart Money Accumulation behavior.
š¹ Inner Circle Trader (ICT) Concepts:
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Market Structure Shift (MSS) visible: from lower highs/lower lows ā shifting to higher highs and higher lows (bullish orderflow).
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Strong bullish Fair Value Gap (FVG) likely forming if TON pushes beyond the next local resistance (~$4).
š¹ Elliott Wave Theory Insight:
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Probable start of a 5-wave bullish impulsive move:
* Wave 1: Current push from retest zone.
* Wave 2: Minor correction expected.
* Wave 3: Parabolic rally (targeting $8ā$10+).
* Wave 4 & 5: Following standard Elliott extensions.
š¹ Potential Targets (Mid to Long Term):
šÆ $5.00
šÆ $8.50
šÆ $13.00
šÆ $20-$50+ (in case of major altseason or BTC strength continuation)
š¹ Invalidation:
A confirmed weekly close below $2.30 would invalidate this bullish setup. Until then, dips are opportunities!
Summary:
TON looks primed for a major breakout continuation. Smart money seems to be accumulating heavily around the $2ā$3 zone.
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Retest successful.
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Bullish structure confirmed.
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Massive upside potential.
š Keep a close eye ā
$TON might enter the "Next Big Move" phase soon!