Bearish Setup for TON : Fake Breakout Signals Upcoming Drop

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The current trend for **TON** suggests a bearish setup. A "fake breakout" followed by an upward wave was likely a move to hunt liquidity. Despite the temporary rise, market indicators point to a downward trend forming, signalling a likely drop in price.

Conclusion :

The upward movement seems deceptive, designed to trap traders, with a downward correction expected soon.

Advice for Traders and Investors :

- Stay cautious of fake breakouts and monitor key resistance levels.

- Consider short setups but manage risk carefully.

- Avoid entering long positions prematurely.