$TON
š TON/USDT ā Bounce or Breakdown? Watch the Channel Support!
š Timeframe: 1H
š° Current Price: $3.094
š Trend Context: Ascending channel; price testing dynamic support line. A key decision point is approaching ā bounce opportunity or potential breakdown.
š© Entry Plan (Long Idea):
š Entry Zone:
Aggressive: $3.05 ā $3.10 (at support)
Conservative: On bullish confirmation above $3.20
šÆ Take-Profit Targets (if bounce holds):
šÆ TP1: $3.28
šÆ TP2: $3.45
šÆ TP3: $3.72 (channel top)
š”ļø Stop-Loss:
š» SL: $2.95 (below ascending channel support and recent wick lows)
āļø Risk-Reward Tip:
Entry: $3.10 | SL: $2.95
TP2: $3.45 ā Risk:Reward ā 2.3:1
š Trail SL above entry after TP1 hit or reclaim of $3.20 with volume.
š Bearish Scenario (Breakdown Play):
If price closes below $3.00 with strong volume, expect potential drop toward:
š» Support Zones: $2.85 ā $2.75
ā Invalidate longs below $2.95
ā
Confirmation Triggers:
šø Bounce + bullish engulfing candle at support
šø Volume spike on $3.20 reclaim
šø BTC stable or recovering to support bullish scenario
š„ Signal Strength:
Medium-High (Long Setup) ā If $3.00 holds as support, high potential for channel continuation.
Caution if breakdown confirms.