$TON $TON
Analyzing the chart:
1. Current Price Action: The price is at $3.441, slightly recovering from a low of $3.328.
2. Bollinger Bands: The price is near the middle band, which indicates neutral momentum. The bands are not expanding, suggesting low volatility.
3. MACD Indicator: The MACD line is crossing above the signal line, indicating potential bullish momentum.
4. Volume: The volume is relatively low, which can lead to fake breakouts.
5. Resistance Level: $3.665 is a recent resistance level that the price struggled to break.
6. Market Sentiment: The buy-sell ratio shows 51.98% buy and 48.02% sell, indicating slight bullish sentiment.
Conclusion:
If you already hold the asset, you can wait for confirmation of a breakout above $3.45.
If you’re looking to enter, consider waiting for a confirmed breakout above $3.50 with higher volume.
If the price rejects from the current level, a stop-loss around $3.32 is advisable to manage risk.
Would you like me to suggest an exact entry and exit point?