TON staged a real-life version of 'The Wolf is Coming' today! Xiaobai understands the routine in one minute
This morning, the crypto circle was buzzing with news about the 'UAE Golden Visa': intermediaries claimed that by staking $100,000 in TON, one could obtain a 10-year Golden Visa, causing the price to surge 12% to $3.08 within two hours, with a lot of people frantically chasing the rise! As a result, the UAE officials quickly debunked it: 'Fake! We have not cooperated with TON!' The price instantly plummeted back to $2.84, trapping those who chased the highs at the peak. This is a typical case of 'fake news pump'—the manipulators are cutting leeks and don't even bother to change the script!
1. The technical situation is more concerning now:
The price is stuck below the 'death line' of 2.80, as if pressed down by a ceiling and unable to move. The MACD indicator shows the two lines almost glued together, indicating that both bulls and bears are lying flat and playing dead, with no one daring to lead the charge.
Focus on the support level of 2.7765; if it breaks, it may slide into the abyss of 2.77; want a reversal? It must break through 2.80 with volume and firmly hold the psychological barrier of $3! But today's volume marked as 'explosive' is purely a bluff, with no real money entering the market.
2. How can ordinary people avoid losses? Remember three painful lessons:
1. Don't get carried away by sudden surges: especially with this kind of 'policy good news,' check the official sources first! The UAE's rebuttal is a textbook case.
2. Run quickly if support breaks: 2.7765 is like an elevator emergency stop button; if it breaks, hurry to reduce your position, or it may drop to 2.5.
3. Don't touch contracts! This type of volatile market specifically targets leveraged traders; spot trading near 2.77 is safer for gradual accumulation.
On-chain data also confirms the weakness—large funds have been playing dead since selling in May, and without whale support, it can't soar. Trump's tariff policy landed in August, and the countdown for Hong Kong's stablecoin licenses is on; any black swan could cause another crash for TON! For those looking to buy the dip, prepare your ammunition but don’t rush in; wait for the dog trader to finish their fake breakout before taking action.
