Pair: TONUSDT Perpetual
Timeframe: 1H
Type: Futures – Long Setup
🔍 Market Context:
Price is currently breaking above the Monday range high, reclaiming weekly open (WO) — a strong bullish signal.
Clean reaction from Monday Low, forming higher lows.
Targeting previous weekly high (PWH) zone.
🎯 Long Entry Idea:
Entry: Around $3.18–$3.20 (current breakout area)
Stop Loss: Below $2.99 (under Monday Low & key demand zone)
Targets:
TP1: $3.62 (Monday High reclaim)
TP2: $3.68 (Previous Weekly High zone)
R:R Ratio: ~3.5:1 🔥
🧠 Reason for Long:
Reclaim of WO and breakout above Monday High
Strong liquidity under Monday Low swept and recovered
Market structure flipping bullish – higher lows & consolidation breakout
💡 Pro Tip:
If price retests the Monday High area ($3.14–$3.16), that could offer a secondary entry. Wait for bullish confirmation like an engulfing or wick rejection for added safety.