$TON TRIES TO STABILIZE AFTER A SHARP DROP – IS A BOUNCE COMING OR JUST A BREATHER?
$TON is currently trading at $2.916, down -6.90%, after tumbling from the $3.207 high. The price briefly dipped below $2.90 before buyers stepped in, and it’s now hovering around short-term resistance. A move in either direction from here could come quickly.
Key Levels to Watch:
• Resistance Zone: $2.940 – $2.980
Bulls need to reclaim this zone to shift momentum upward.
• Support Zone: $2.882 – $2.900
Losing this level again could drag price lower into new daily lows.
Trade Setup – Decision Point Approaching:
Bullish Scenario:
If price breaks above $2.940 with strong volume, potential targets include:
• TP1: $2.980
• TP2: $3.050
Bearish Scenario:
A break below $2.882 could bring further downside:
• TP1: $2.840
• TP2: $2.780
Stop-Loss Placement:
• Long Entry: SL below $2.882
• Short Entry: SL above $2.980
TON is trying to hold ground after a rough slide. A push above $2.94 could signal the start of a recovery, but failing to hold above $2.90 risks more downside. Be ready for a quick reaction—momentum could flip either way soon.