The currency $TON is currently trading at $2.97 with a slight increase of +0.51%, but the price action shows clear stability after a strong rebound from $2.847.
After the previous breakout failure at $3.047, the price is back in the critical area...
So, are we witnessing an upcoming breakout? Or has the correction not ended yet? Let's analyze 👇
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⚖️ Is buying now a smart decision?
✅ Opportunity if:
Price breaks the $2.977 level with strong trading volume.
I placed a stop loss below $2.925.
I targeted an initial profit at $3.047, and a secondary at $3.10.
$TON
❌ Risk if:
Depends solely on instant momentum without confirmation.
Do not manage the risk-reward ratio, especially with high RSI.
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📊 Technical signals:
RSI(6) at 71.9: Entering overbought territory, beware of a correction.
MACD is positive and supports the upward momentum, but still close to the neutral point.
Stochastic J = 98.26: Near the peak, indicating a potential cooldown.
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📢 The final word:
$TON It seems to be testing patience...
But stability above $2.97 may be an early signal for accumulation before a new breakout.
Watch the volume and move above $3.00 as it may be the key to returning to the peaks.
Do you think TON is ready for a breakout? Or are we on the brink of a new correction? Share your opinion 👇
