The currency $TON is currently trading around 2.965 with a slight decline of -0.97%, after touching a daily high of 3.047 and quickly dropping to 2.912 before bouncing back slightly.
So was this drop a trap for speculators? Or the first signal of a deeper decline? Let's analyze the picture together 👇
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⚖️ Is buying now a smart decision?
✅ Opportunity if:
Your goal is to enter at support with a quick bounce.
I placed a stop loss below 2.91 to avoid any clear break.
Targeting areas 2.99 to 3.02 as nearby resistances.
$TON
❌ Risk if:
A strong rise is expected without any technical signals.
Depends on network news (like recent TON Network issues) without confirmation from price or volume.
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📊 Important Technical Points:
RSI at 42 indicates that the price is not in overbought or oversold territory, meaning the field is open for both movements.
Negative MACD but converging, which means any change in volume could reverse the trend.
There is a clear bounce from the bottom 2.912, which may be a temporary bottom.
Trading volumes increased during the drop, which may indicate liquidation followed by new entry.
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📢 The final word:
TON may now be in the "calm before the storm" phase, especially as the price approaches its averages and a strong support level.
$TON
What do you think? Are we seeing a strong bounce towards 3.05? Or is the drop not over yet? Share your opinion 👇