TON Analysis Today
Currently, TON analysis is trending in a short direction. The current price of TON is $6.6322.
Based on the available market data and technical indicators, the following trading strategies can be suggested:
Strategy 1: Resistance Breakout Strategy
- Short trend
Entry Price: $6.7356 BOLL High (Resistance)
Target price $6.9 (previous strong resistance) - Stop loss price: $6.6 (lower BOLL support price)
This strategy is based on breaking the current resistance level of TON, which indicates a possible price increase in the future. The entry price is set at the break of the BOLL resistance level and the target price is set at the previous strong resistance level. The stop loss price is set at the lowest BOLL support level to reduce risk.
- Strategy 2 Simple Moving Average (SMA) Reversal Strategy
- Short trend
- Entry price: $6.6 Low price (SMA)
- Target price: $6.8 (previous strong resistance)
- Stop Loss Price: $6.5 (lowest BOLL support price)
This strategy is based on price reversal from the Simple Linear Regression (SMA) line, which indicates a possible price increase in the future. The entry price is determined when the price touches the SMA line and the target price is at the previous strong resistance level. The stop loss price is set at the lowest BOLL support level to reduce risk.
Strategy 3: Channel Trading Strategy
- Short trend
- Entry price: $6.6 (lowest BOLL support price)
- Target price $6.8 (previous strong resistance)
- Stop Loss Price: $6.5 (lowest price (SMA)
This strategy uses the range between the current support and resistance levels of TON. The entry price is set when the price touches the lowest BOLL support level and the target price is set at the previous strong resistance level. The stop loss price is set at the lowest SMA price to reduce risk.
• Please note that there may be fluctuations in prices and trends, so additional analysis and careful risk management should be undertaken before making any trading decisions.
- Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; please make decisions with caution.
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