$TON Coin Analysis Hourly Frame /
1. Supports♥♥:
First support level at 5.064 (24-hour low).
Second support level at 4.980 (clear previous low from candles).
Strong medium-term support at 4.720 (previous bounce repeat area).
2. Resistances♥♥:
First resistance level at 5.218 (MA50 close to current price).
Second resistance level at 5.363 (24-hour high).
Strong resistance at 5.418 (highest point touched in recent peaks).
3. Technical indicators:
RSI: Currently at 58.95, indicating medium momentum close to overbought zone.
MACD: Shows convergence between DIF and DEA lines, which means a possible start of an uptrend or continuation of consolidation.
MA (Moving Averages):
MA(7): Close to the current price, indicating a weak trend.
MA(50): Appears as a potential resistance barrier.
4. Price trend:
The price is currently above MA(99), indicating a long-term uptrend.
A corrective pattern is in place, with a potential bounce from support or resistance breakout.
Suggested Strategy♥♥♥♥:
If you want to buy, you can wait for the price to bounce from support at 5.064.
If the resistance at 5.218 is broken with strong momentum, it could be a signal to enter with a target of 5.363 or higher.
Place a stop loss below support at 4.980 to ensure risk management.
