$TON Investment Strategy Brief Guide!
By December 18, 2024, the price of TON is $5.69.
If you are a long-term investor and want to hold TON, you have to look at these conditions:
First, the price must be firmly above $6.5, which means that TON may be going up.
In addition, technical indicators, such as the relative strength index and the smoothed moving average difference, must show that TON is rising. At the same time, there must be good news or major progress in Toncoin or its ecosystem.
For long-term holding, you can aim for these two prices:
Medium-term target, $7.5; long-term target, more than $8.
But if you are a short-term trader, you have to pay attention to these sell signals:
If the price falls below $5.77, then the important support is gone.
Technical indicators also began to show a downward trend, such as the decline in the relative strength index, or the death cross of the smoothed moving average divergence, and the decrease in trading volume, which all indicate that buyers are not very interested.
You have to remember these two selling prices:
If the price drops to $5.77, stop loss immediately.
If the price continues to fall and reaches $5.5, you have to reduce your position again to prevent losses from getting bigger.
In general, if you think TON and its ecosystem will develop well in the long term, you can consider holding it when the price exceeds $6. But if TON cannot return to $6.3 in the short term, you have to consider selling it.
Ambush potential coins in advance, like + comment, keep up with my pace, and make a lot of money in this bull market!
