$TON
#TON
Market Analysis for TON/USDT Futures Trading
Trend Direction: Bearish
Current Price: 4.203 USDT
24H High/Low: 4.795 / 4.195 USDT
24H Change: -11.92% (Strong Downtrend)
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Indicators Analysis
1. Stochastic RSI (STOCHRSI: 1.483)
Oversold condition (Below 20), potential short-term bounce.
2. Relative Strength Index (RSI)
RSI (25): 27.994 (Oversold Zone)
RSI (100): 37.301 (Still weak, confirming downtrend)
3. MACD (DIF: -0.077, MACD: -0.036, DEA: -0.041)
Below zero, confirming bearish momentum.
4. Williams %R (Wm %R(14): -98.326)
Extremely oversold (Possible short-term bounce but still bearish).
5. On-Balance Volume (OBV: -8,512,374.210)
Strong selling pressure, downtrend likely to continue.
6. Moving Averages
MA(5): 710,794.3939
MA(10): 516,191.3169
MA is trending downward, confirming bearish sentiment.
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Trade Recommendation
Position: Short (Sell)
Entry Point: 4.250 - 4.300 USDT (If price retraces slightly before further drop)
Take Profit (TP): 4.000 USDT (First TP), 3.850 USDT (Second TP)
Stop Loss (SL): 4.350 USDT (Above resistance level to minimize risk)
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Reasoning for Trade Decision
Bearish Trend Confirmation: Downtrend with strong selling pressure.
Oversold but No Strong Reversal Signal: RSI, Williams %R indicate oversold, but price action suggests further downside.
MACD & OBV Indicate Bearish Momentum: No bullish divergence, meaning price may continue downward.
Safe Position: Setting SL at 4.350 USDT to limit risk while capturing downside profit potential.
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Final Confirmation: Yes, it's a safe short position.
Risk Management: Be cautious of short-term bounces but overall trend remains bearish.