$TON LATEST ANALYSIS

Technical Analysis BreakdownCurrent Price: Approximately $4.614 USDT.Resistance: The upper horizontal purple line is around $4.900 USDT, marking a strong resistance zone where the price previously rejected.Support: The lower horizontal purple line is at $4.400 USDT, marking a solid support level where price has bounced previously.Breakdown and Trade

Setup

Bearish Structure: The price is trading within a range between $4.400 USDT and $4.900 USDT. With the current downward movement, there is potential for a breakdown toward the lower support zone.

Short Trade Opportunity:

Entry: A short position can be considered if the price breaks down below $4.600 USDT, confirming the bearish momentum.Target:First Target (TP1): Around $4.400 USDT (support zone).Stop Loss: Placed above the $4.900 USDT resistance level to manage risk in case of a reversal.

Take-Profit Levels:

Target (TP): The blue arrow indicates a move toward $4.400 USDT, which could be a key support level for this downward move. A breakdown could lead to further bearish continuation.

Risk Management: Protect the trade with a stop-loss near $4.900 USDT, above the resistance, to prevent losses in case of a sudden reversal.

Summary of Trade Setup

Short Trade:Entry: Below $4.600 USDT.Stop Loss: Above $4.900 USDT.Take-Profit (TP): Around $4.400 USDT.

This setup suggests a potential bearish movement for TON/USDT, with the breakdown likely targeting the support zone around $4.400 USDT. Adjust your trade based on market conditions and confirmation of the price breakdown.

#TON #DOGSONBINANCE #TelegramCEO #BinanceBlockchainWeek #LowestCPI2021