$TON Chart analysis on the short frame (15 minutes) for a short trade:
📊 Technical notes:
• The price reached a local peak at 3.5514 and then started to decline.
• The moving averages MA(25) and MA(50) are close to each other, with a slight downward tilt beginning in MA(25).
• RSI is at 53 and seems to be approaching a decline after failing to surpass the overbought zone (70).
• MACD is weak, and the signal line is close to a negative crossover.
• There are bearish reversal candles near 3.51 – 3.55 indicating a potential start of a correction.
📉 Short scenario:
• Ideal entry area: between 3.50 – 3.51 if the previous peak of 3.5514 is not breached.
• First target: 3.46
• Second target: 3.42 (in case selling pressure continues)
• Stop loss: closing a 15-minute candle above 3.555.
In this way, the risk is limited, and the trade relies on the failure to breach the last resistance.