🚨 TON: Technical Analysis / Potential Entry and Exit Points🚨

Hey guys! Currently, $TON is in a downtrend after facing resistance above the $5.00 level, with the price now hovering around $4.81.

📉 EMA Analysis:

The 7, 25, and 99 EMAs are giving bearish signals, as the shorter-term EMA (7) has crossed below the longer-term ones.

💡 Support & Resistance:

Immediate Resistance: Around $5.00 - this psychological level could prove to be a challenge for bulls.

Key Support: Near the $4.60 level, where we recently saw buying interest after a sharp sell-off.

📊 Volume: We see relatively low volumes in recent hours, suggesting weakening momentum. However, expect volume to spike around key support and resistance areas.

🔍 MACD: The MACD histogram is in the red, and the signal line is slightly below the MACD line, suggesting we are still in bearish territory. Watch out for a potential crossover, as it could signal a reversal.

💥 RSI:

The RSI(6) is at 33.93, nearing oversold levels, signaling potential buying opportunities.

The RSI(14) is 31.13, further confirming the bearish sentiment but also signaling possible exhaustion of selling pressure.

🔑 Potential Entry Points:

Long Entry: Look for a bounce near $4.60 support. If RSI continues to stay below 35 and shows signs of recovery, consider entering with a potential target toward the $5.00 resistance.

Breakout Entry: A strong bullish break above $5.00 with increased volume could signal a potential breakout, and entering a long position here might target the $5.20-$5.50 zone.

💥 Potential Exit Points:

Take Profit Levels: First target near $5.00 (psychological resistance).

Second target between $5.20-$5.50 if momentum builds after breaking through the $5.00 mark.

Stop Loss: Consider placing a stop loss around $4.55 just below the support to limit downside risk if TON breaks lower.

This is not financial advice. Do Your Own Research!

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