Price: ~$3.34, up ~3% today with ~2.99% 24āh gain
Technical setup: Price holding above key EMAs (7 & 25), signaling bullish continuation potential
RSI: Elevated (~72), indicating strong momentumābut potential for a short consolidation
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š Chart Insights & Key Levels
1. EMA Setup
Continues to trade above daily EMA55āhistorically a bull signal (notably in Feb 2024)
7 & 25āperiod EMAs are supporting around $3.17ā3.19 building the structure for the next leg higher
2. Support & Resistance
Strong support: $3.17ā3.20 zoneāholds the bullish case
Immediate resistance: ~$3.27ā3.35ābreak above may set the stage for broader gains
Upside targets: Could extend to $3.63, $4.20, even $4.65ā$5+ range if key structure holds and breaks out
3. Chart Patterns
Possible inverse head & shoulders forming, with neckline at $4.08āa breakout could open further gains
Momentum indicators and moving averages confirm a shift to bullish trend
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šÆ SquareāStyle Trade Plan
ā Step Details
Entry Around $3.18ā3.20, ideally on a bounce off the 7 or 25 EMA
StopāLoss Below $3.15, under support zone
TakeāProfit Targets TP1: $3.27ā3.35 (initial resistance) <br> TP2: $3.60ā3.65 (EMA 200 zone) <br> TP3: $4.08+ (neckline breakout) šÆ
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ā ļø What to Watch
Overbought RSI (~72) could prompt short-term consolidation/contraction
Volume behavior: strong volume on rallies confirms any breakoutāwatch for drying volume near resistance
Invalidation: Break below $3.15ā3.17 suggests bearish biasābe ready to manage or step out
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š” Why This SquareāStyle Setup Works
ā EMA alignment and historical bullish signals on daily chart
ā Clear structure with support & resistance zones
ā Classic reversal pattern (iH&S) forming
ā Real-world utility from TON ecosystem: Telegram integration, staking, decentralized apps
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š¬ Time to Talk: Square Family Poll
Will you buy the dip near $3.18, or wait for a clear breakout above $3.35?
Do you trust this inverse head & shoulders to carry TON to $4+?
How are you protecting positions given the overbought RSI?
Share your charts, risk plans, and strategies belowāletās learn and grow as a community! šš¬
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š”ļø Final Take
TON is carving a textbook SquareāFamily trade: price above EMAs, structured support/resistance, and a high-probability pattern in play. A disciplined planāentry at $3.18ā3.20, stop under $3.15, targets from $3.35 to $4+āaligns with our friendly, data-driven approach. Trade smart, respect the structure, and letās ride the next wave together! šāØ