šØ $TON /USDT ā 1-HOUR CHART ALERT: POTENTIAL RECOVERY OR CONTINUED DECLINE! šØ
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.
š Current Price: $4.931
š¼ Entry Price (Long): $4.931 (wait for confirmation if considering a reversal trade)
š” 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.
šÆ 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.
š Stop Loss: $4.750 ā Place a stop just below the recent low to limit downside risk.