$TON signals potential reversal ๐๐
$TON on the short-term short term chart shows a slight bullish bias with the RSI at 51.11, indicating a neutral stance, while the MACD hovers around -0.001, reflecting consolidation. The Bollinger Bands are tightening, suggesting a possible breakout soon.
For spot trading, a long entry could be considered if the price breaks above $4.910 with a target around $4.956 and a stop-loss at $4.895.
Conversely, a short position may be taken if the price drops below $4.891 with a target near $4.869 and a stop-loss at $4.905.
Moving to the hourly chart, $TON displays a more bullish sentiment with the RSI at 63.70, indicating potential overbought conditions, and the MACD showing a positive trend at 0.056. The Stochastic Oscillator suggests a slight pullback might be on the horizon.
For spot trading, a long entry could be considered if the price surpasses $4.905 with a target at $5.007 and a stop-loss at $4.887. A short position might be taken if the price falls below $4.873 with a target near $4.663 and a stop-loss at $4.905.
On the daily chart, TON presents a more bearish outlook with the RSI at 37.04, indicating potential oversold conditions, and the MACD trending downwards at -0.395. The Stochastic Oscillator suggests a possible reversal in the oversold region.
For spot trading, it might be prudent to wait for a clearer trend confirmation before considering any new positions.
In futures trading, a cautious approach is recommended due to the bearish signals on the daily timeframe.
**Note: All indicator readings are as per the publish time of this analysis. Exercise caution and do thorough research before making trading decisions.
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