$TON is showing signs of consolidation around $5.826 after a recent dip to $5.643.
The 7 MA is nearing the price action, indicating potential volatility ahead.
RSI hovers near 48, reflecting a neutral market sentiment that could swing in either direction.
Trade Setup:
Entry Point: $5.80 to $5.85 (on consolidation or slight pullback).
Stop Loss: $5.70 (below key support to manage risk).
Target: $5.95 (short-term resistance) and $6.10 (higher resistance level for bullish breakout).
Opinion:
Buy: If expecting a breakout, this zone provides an opportunity for entry.
Sell: Exit if price drops below $5.70, invalidating the setup.
Hold: Continue holding if already in the trade and bullish momentum is intact.
$TON traders, keep a close eye as the market shapes its next move!