🚨 Alert: Potential Trading Setup for TON Coin Over One Day
📉⚠️🔥📊
📌 Commentary:
TON coin is currently trading at $3.01, after bouncing back from its lows last week. Technical indicators suggest the possibility of continued upward momentum, especially with the price breaking through its short-term moving averages. If this momentum persists, we may see higher resistance levels targeted in the coming days.
📊 Trading Setup:
🎯 Entry Price: $3.01
🎯 Price Targets:
🟠 $3.43
🔴 $4.92
💀 $8.00
🚫 Stop Loss: $2.65
📈 Risk-to-Reward Ratio: High | Reward = Potential
📉 Technical Indicators:
RSI (Relative Strength Index): Around 37 – indicates that the market is in a neutral area leaning towards oversold, which may pave the way for an upcoming rise.
CMF (Chaikin Money Flow): Positive – indicates positive cash flow and an increase in buying pressure.
Price Pattern: Formation of a "Round Base Pattern" may suggest the potential for continued upward trend if resistance is broken.
📌 Notes:
Breaking resistance at $3.43 may open the way for a rise towards $4.92 and then $8.00.
Breaking support at $2.65 is a negative signal and may lead to further declines.