Coin Name: $TON
Position: LONG
Entry Price: 2.90
TON has already executed a clean breakout followed by a successful retest, presenting a solid opportunity to explore long positions. Although the structure remains bullish, current price action is unfolding at a sluggish pace.
On the 12-hour timeframe, the Binance liquidation heatmap (via CoinGlass) highlights substantial downside liquidity. This suggests TON may initially sweep lower to tap into that liquidity before resuming its upward trajectory. Such a move aligns with typical market dynamics, where liquidity is often collected prior to the true directional push.
This chart shows a descending triangle pattern forming on BTC dominance (1h). Price is making lower highs while testing a horizontal support. A breakdown below support could signal a further decline, suggesting potential strength in altcoins if dominance drops.
Targets:
1st TP 3.00
2nd TP 3.10
3rd TP 3.20
4th TP 3.30
Using 10x isolated leverage
Stop-lose: 2.75
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