$TON registers a sharp decline... Is this a golden rebound or a falling trap?
The price of the TON currency against USDT has seen a significant decrease of -6.70% over the last 24 hours, reaching $2.731, after touching the lowest point of the day at $2.673, amidst a state of panic and heavy selling. However, there are technical signals that could indicate a smart entry opportunity.
🔍 Current technical analysis for TON/USDT:
Lowest price today: $2.673
RSI (6): at 23.26 → in a very strong oversold zone
Bollinger Bands: the price broke below the lower band ($2.735) and then quickly rebounded, indicating strong price rejection below this level.
MACD: still negative but close to a potential crossover.
Trading volume: has doubled with a strong rebound candle, indicating the entry of buying liquidity.
Short-term trading strategy:
Entry plan on a technical rebound:
Entry area: between $2.70 – $2.73
First target (TP1): $2.82
Second target (TP2): $2.89
Stop loss (SL): breaking $2.66 and closing below it.
This area is suitable for scalpers or short-term traders with strict capital management.
⚠️ Alert:
Do not enter with all your capital, divide your entry.
Follow the news regarding the TON project (e.g., Telegram news or partnerships).
If the level of $2.66 is broken, we may see additional declines towards $2.60 or lower.
Do you think that the TON currency will succeed in returning above $2.90 this week, or is this just a pause before continuing the decline? Share your opinion with us 👇