$TON currently priced at $3, down 3.6% over the past day. Let's analyze the prospects through the lens of technical analysis and propose a trading plan.
Analytics: On the daily chart $TON consolidates in the range of $2.7–$3.5. The current price is testing support at $2.8, where a bounce was previously observed. MACD shows a weakening bear momentum, and RSI at 35 indicates potential oversold conditions, which may signal a reversal. However, a break below $2.7 will increase selling pressure, opening the way to $2.3. Key resistance at $3.5 remains a strong barrier.
Bullish scenario:
• Entry: $TON $2.9–$3.0 (retest of support).
• TP: $3.5 (nearest level), $4.0 (potential maximum)
• SL: $2.6 (below the support zone).
Bearish scenario:
• Entry: when consolidating below $2.8.
• TP: $2.5, then $2.3.
• SL: $3.1 (above the local high).
Recommendations: Risk no more than 2% of the deposit. When the first TP is reached, move SL to breakeven.
Call: What do you think about TON? Share your ideas in the comments! Subscribe so you don’t miss top analytics! 📈 #TON #Binance #Crypto #Trading #Altcoins
