David-Warn
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Bullish
Market Update: $TON Short Liquidation Alert
Massive short liquidations of $1.1576K were triggered at $3.663 for $TON, signaling aggressive short covering. This could fuel a bullish momentum, but is the uptrend sustainable? Let’s break it down:
Technical Analysis for $TON
🔹 Current Price Action: $3.663
With liquidations hitting, a potential short squeeze is in play. If bulls seize control, we might see further upside movement.
🔹 Buy Zone:
Ideal entry levels for a potential long position: $3.55 – $3.62
(Dips into this range could provide an opportunity for accumulation.)
🔹 Target Levels:
Target 1: $3.85
Target 2: $4.10
Target 3: $4.35
🔹 Stop-Loss:
To manage risk, a stop-loss below $3.48 is recommended to avoid unnecessary losses if the market reverses.
Key Insights:
The large short liquidation suggests market makers might push prices higher.
If $TON holds above $3.62, the next leg upward is likely.
A failure to hold $3.55 could bring a retest of lower support levels.
Conclusion:
The short liquidations have set the stage for potential upside movement. Watch out for volume confirmation and breakout signs near $3.85 to gauge further momentum. Keep risk management in check and trade wisely.
#TON/USDT #BinanceAlphaAlert
Massive short liquidations of $1.1576K were triggered at $3.663 for $TON, signaling aggressive short covering. This could fuel a bullish momentum, but is the uptrend sustainable? Let’s break it down:
Technical Analysis for $TON
🔹 Current Price Action: $3.663
With liquidations hitting, a potential short squeeze is in play. If bulls seize control, we might see further upside movement.
🔹 Buy Zone:
Ideal entry levels for a potential long position: $3.55 – $3.62
(Dips into this range could provide an opportunity for accumulation.)
🔹 Target Levels:
Target 1: $3.85
Target 2: $4.10
Target 3: $4.35
🔹 Stop-Loss:
To manage risk, a stop-loss below $3.48 is recommended to avoid unnecessary losses if the market reverses.
Key Insights:
The large short liquidation suggests market makers might push prices higher.
If $TON holds above $3.62, the next leg upward is likely.
A failure to hold $3.55 could bring a retest of lower support levels.
Conclusion:
The short liquidations have set the stage for potential upside movement. Watch out for volume confirmation and breakout signs near $3.85 to gauge further momentum. Keep risk management in check and trade wisely.
#TON/USDT #BinanceAlphaAlert
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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