TON | Long | Telegram-Backed Growth + Open Interest Surge | (May 28, 2025)
1️⃣ Quick Recap: TON (The Open Network) is showing strong momentum following a major +20% price surge. With Telegram’s legacy, growing utility, and rising interest across spot and futures markets, this setup looks promising for continued upside. 🚀
2️⃣ Trade Parameters:
Bias: Long
Entry Zone: $3.21
Stop Loss: $2.71
TP1: $3.66
TP2: $4.98
TP3: $6.00
TP4: $6.83
Partial Exits: Scaling out at each level based on momentum
3️⃣ Key Notes:
✅ What Makes TON Unique:
– Originally built by Telegram and now maintained by the open-source TON Foundation
– Aims to bring blockchain tech to the masses via Telegram integration
– Focus on scalability, performance, and user-friendliness
✅ Recent surge followed news of the Telegram founder regaining travel freedom, potentially fueling future expansions
✅ Corporate partnerships (e.g., Athena Labs) support its growing ecosystem
✅ Competitive with names like Solana and Polygon (MATIC)
✅ Strong order flow data:
– +5M in open interest
– +2M spot buying
– +7M in total order flow
✅ Shorts liquidated, which could create room for a reversal and continued move higher
❌ Invalidation if price closes below $2.71 — structure would be compromised, and reassessment needed
4️⃣ Follow-Up: Watching closely for how price behaves around $3.66. If momentum continues, will manage trade accordingly and provide an update as we approach higher targets.
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Disclaimer: This is not a financial advise. Always conduct your own research.