š„$TON /USDT ā Struggling to Rebound After Sharp Drop ā ļø
TON is attempting to recover after dipping to a recent low of $2.898. Despite a minor bounce, the price is still trading below all key moving averages, showing continued weakness and hesitation from buyers.
š Technical Analysis
⢠MA Overview: Price is stuck below MA(7) = $2.969, MA(25) = $3.080, and MA(99) = $3.164 ā all aligned in bearish order.
⢠Support Zone: $2.90 ā $2.89 remains the key defense; any breakdown could lead to $2.87 or lower.
⢠Resistance Levels: Watch $2.98 ā $3.08 as resistance; only a clean breakout above $3.08 may attract buyers.
⢠Price Structure: Bearish momentum cooling off, but no solid bullish reversal signal yet.
šÆ Trading Plan
š“ Bearish Setup (Trend Continuation)
⢠Entry: $2.96 ā $2.99
⢠TP1: $2.91
⢠TP2: $2.87
⢠SL: $3.08
š¢ Aggressive Rebound Play
⢠Entry: $2.90 ā $2.94
⢠TP1: $3.02
⢠TP2: $3.08
⢠SL: $2.86
š Note: TON remains under heavy pressure unless bulls reclaim $3.08 with convincing volume. Trade conservatively and prioritize stop-losses.
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