15-minute chart of $TON shows a failed breakout attempt. The price hit 2.98, rejected at the high, and gave back a good part of the movement. The averages are all tangled up, which already indicates a market without a clear direction. The MA60 is currently holding as support and has become a battleground.

The price is exactly in the region of the 5, 10, and 30 averages, which are practically aligned in the range of 2.96. If it loses this region, the path opens up to seek 2.952 and then the previous bottom at 2.943.

If it can hold here and break again above the 2.97 range with strength and volume, it will aim for the top at 2.98 and, if broken, could project above 3.00.

The short-term scenario is one of consolidation. It is possible to scalp between the extremes, but without a clear definition. It’s a quick game and requires tight management.

I’m going for a Scalp!

Entry: between 2.96 and 2.985

Target: between 3.06 and 3.12

Stop: I’m going without a stop because I am holding $TON