$TON Trade Setup
Pattern: Breakout from Falling Wedge confirms a bullish reversal
. Price pulled back to key support at $6.00 and is holding above
the 200-day moving average (~$6.16).
Entry Zone: Buy between $6.00–$6.16 (if support holds).
Target Levels:
$7.00 (near-term resistance).
$8.00 (medium-term target).
Stop Loss: Place at $5.60 to manage risk.
Trend & Momentum:
Trend:
Short-term: Strong Up.
Medium-term: Strong Up.
Long-term: Neutral.
Momentum: Bullish (MACD crossover). RSI is neutral (30–70), allowing for potential price growth.
Support & Resistance Zones:
Support: $6.00, then $4.70.
Resistance: $7.00, then $8.00.
Key Actions:
Monitor $6.00 support; set alerts.