šŸšØ $TON /USDT ā€“ 1-HOUR CHART ALERT: POTENTIAL RECOVERY OR CONTINUED DECLINE! šŸšØ

TON/USDT has experienced a recent downtrend, falling from a high of $5.081 to a low of $4.758. Currently, it's showing signs of a potential recovery, consolidating around $4.931. Traders should watch for signs of a reversal or further selling pressure at this level.

šŸ“Œ Current Price: $4.931

šŸ’¼ Entry Price (Long): $4.931 (wait for confirmation if considering a reversal trade)

šŸ’” Key Levels to Monitor:

Resistance Level: $4.951 ā€“ A break above this level could indicate a continuation of the recovery trend.

Support Level: $4.796 ā€“ Holding this support is critical to prevent further downside.

šŸŽÆ Take-Profit Targets:

1. $4.970 ā€“ Initial target for cautious profit-taking.

2. $5.000 ā€“ Psychological resistance level, likely to attract seller interest.

3. $5.081 ā€“ Aggressive target, returning to the recent peak if momentum persists.

šŸ›‘ Stop Loss: $4.750 ā€“ Place a stop just below the recent low to limit downside risk.

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