TON
1-hour price trend of TON: Up.
[Buy and sell points]
Buy point 1: 6.40 USDT (the current price is close to EMA(7) and above EMA(30), indicating a positive short-term trend, which can be considered as a more conservative buy point)
Buy point 2: 6.20 USDT (this price is close to the low point in the last few hours. If the price falls back to this level, there may be support, which is suitable as a more aggressive buy point)
Long stop loss point: 6.05 USDT (leave enough space to avoid small fluctuations triggering stop loss, and this price is lower than the bottom of most recent trading ranges)
Sell point 1: 6.54 USDT (just the highest price in the latest cycle, which can be used as a preliminary sell point, and is expected to encounter resistance)
Sell point 2: 6.60 USDT (exceeding the highest price in the recent cycle. If it breaks through, it may usher in new upside space, which is suitable as a more aggressive sell target)
Short stop loss point: 6.65 USDT (safety buffer for short selling, slightly higher than the second selling point, giving the market room for fluctuations)
[Price trend analysis]
K-line pattern:
Recent K-line shows that price fluctuations have intensified, especially between 18:00 on August 8 and 14:00 on August 9, when there were large price gaps and changes in the length of the real body, indicating that market sentiment is intense. From 21:00 on August 7 to 13:00 on August 8, there was a continuous upward trend, followed by a long upper shadow at 14:00 on August 8, suggesting that high selling pressure has increased.
Technical indicators:
MACD indicator: The latest MACD value is positive and the DIF is higher than the DEA, but the histogram is shrinking, which means that the bullish force may be weakening. KDJ indicator: The J value is around 99.98, close to 100, which is usually regarded as an overbought area and may indicate an imminent correction. EMA indicator: The closing price continues to be above EMA (7), indicating that the upward trend will remain in the short term. Compared with EMA (30), it is also stable above, and the medium- and long-term trend is bullish.
Volume:
When the price rises sharply, the volume increases, such as 14:00 on August 8, indicating strong buying interest. The volume has decreased in recent hours, which may indicate that buyers and sellers are cautious and wait-and-see at the current price level.
