Morning long position TON take profit 🥂 Today's first order was released early in the 【community】, 【Binance Square】. Did you keep up?
欧鹏同学
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Bullish
TON opened a long position! TON has seen a consecutive two-day decline with reduced trading volume, and this morning it first appeared at a volume spike near the concentrated trading area around 3.15, which is also the previous platform support level. The lower level of 3.14 is the switching point between high short and low long positions. If the short-term dip does not break this level, it indicates that the bearish momentum is beginning to wane, and there is capital buying at low levels.
I choose to make a tentative long position at the 3.15 level. On one hand, I am betting on a weak rebound after three consecutive 9s turning to short; on the other hand, I observe that the chips have concentrated between 3.32 and 3.35 in the last 24 hours. Once the price returns above 3.22, it is possible that the previous decline was a quick shakeout.
The stop-loss is set below 3.10. If it successfully rebounds to 3.22-3.25, I will reduce my position to lock in profits; the basic judgment is that as long as it does not break below 3.10, this is the tail end of the decline.
The logic of this trade is not to predict that it will surge, but to occupy a favorable odds position. $TON
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