$TON
/USDT Technical Analysis and Trade Signal๐๐ฏ
Current Price: $6.406
Trend: Strong Bullish Momentum (17.05% 24h gain)
Indicators Analysis:
1. Bollinger Bands:
Price is above the upper band ($6.122), suggesting overbought conditions.
Possible pullback or continuation depends on volume and resistance tests.
2. Parabolic SAR:
SAR at $5.432 supports a bullish trend.
As long as price remains above this level, the uptrend is intact.
3. Momentum:
Strong 24h momentum, with 24h high ($6.625) acting as immediate resistance.
Consolidation or breakout above this level could dictate the next move.
Trade Signal:
Bias: Bullish
Entry Zone: $6.35โ$6.45 (current price range)
Targets ๐ฏ:
1. Target 1: $6.80 (Short-term breakout level)
2. Target 2: $7.20 (Extended bullish push if volume sustains)
3. Target 3: $7.60 (High momentum and strong breakout scenario)
Stop Loss:
$5.40 (below SAR and Bollinger Middle Band to limit downside risk).
Trade Momentum:
Volume: High (29.79M TON in 24h), suggesting sustained interest.
Strength: Continuation likely if price closes above $6.50 on 4H or 1D candle.
Risk: Watch for overbought conditions and rejection near $6.625.
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