$TON jumps strongly above 14% — Are we witnessing the beginning of an upward trend?
The TON currency records a rise of +14.96% in 24 hours to reach $3.45 after a strong breakout from accumulation areas. Will the momentum continue or is it time to cool down?
Technical Analysis:
Bollinger Bands: The candle firmly broke the upper limit of the range, indicating high buying momentum, but caution should be taken regarding a potential correction.
Moving Averages (MA5 and MA10): The price is above the averages, supporting the upward trend.
RSI (6): At 76.3, which is a signal of overbought conditions, suggesting a possibility of a temporary correction.
MACD: A bullish crossover with clear positive momentum, reinforcing the continuation of the rise.
🧠 Suggested Trading Strategy:
🎯 "Breakout Confirmation" model:
Entry Area: Waiting for a retest of the level 3.30 – 3.36$
Stop Loss: Below 3.15$
Profit Targets:
First Target: 3.70$
Second Target: 3.95$
Extended Target: 4.20$
💬 What do you think? Will TON continue towards $4.00 or is it time to take profits?
