#TON/USDT (4h Chart) Technical Analysis:
1. Price Action:
Current Price: $2.959
Price has been making lower highs and lower lows, indicating a short-term downtrend.
Small recovery attempts are met with selling pressure near the $3.07–$3.20 zone.
2. Indicators Overview:
MACD:
MACD Line (-0.026) is still below the Signal Line, with a flat or slightly negative histogram.
Indicates a lack of strong momentum — bearish but potentially flattening.
RSI(6):
Currently at 30.807, very close to oversold.
A bounce might occur soon, but no strong reversal signal yet.
Volume:
Volume is not spiking — this suggests low conviction in both selling and buying.
A volume breakout could confirm a direction.
Key Levels (Short-Term):
Support:
$2.88 — recent low
$2.35 — strong previous support (from daily chart)
Resistance:
$3.07 — minor local resistance
$3.20 — major near-term resistance
Outlook / Strategy:
Short-Term Bearish, but oversold RSI means a bounce or consolidation may occur.
Conservative traders should wait for:
MACD crossover
RSI climbing above 40
Price breaking above $3.07 with volume
Aggressive entry: Small position near $2.88 with a tight stop below it.
Target for bounce trades: $3.07–$3.20 range
