$TON at a Critical Juncture: Expansion or Rejection?
The price of $TON has just tapped the previous weekly high (PWH), a key liquidity zone that often dictates market direction. At this stage, two scenarios are in play: a decisive breakout signaling continuation or a rejection leading to a retracement. Traders should observe price action carefully to determine whether buyers sustain momentum or sellers step in to drive a reversal.
Key Levels & Strategy
Breakout Scenario: If $TON maintains strength above $3.50, short positions face liquidation, paving the way for further upside. A sustained push beyond this level could target $3.60 and higher.
Rejection & Pullback: If price struggles and fails to hold, a rejection could trigger a retracement towards $2.80–$2.60, offering a potential dip-buying opportunity for bulls. A move back below $3.00 would indicate waning momentum.
Trading Plan & Confirmation
Given the recent strong rally from demand, liquidity sweep above equal highs (EQH), and a pivotal momentum shift, patience is key. Chasing price action at this stage is risky. Instead, traders should wait for a clear confirmation—either a solid rejection for short opportunities or a breakout with volume backing further upside.
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