TON Evening Market Analysis and Forecast

November 17, 2024

Market

The current price of TON is $5.477, up 1.5% in the past 24 hours, and the short-term market trend is strong. Technical graphics show that TON has recently fluctuated between key support and resistance levels, and market sentiment is mainly cautious and optimistic.

Technical analysis and key points

1. Support level:

• $5.36: short-term support, if it falls below, it may fall back to $5.20.

2. Resistance level:

• $5.50: short-term pressure level, after breaking through, it will rise to $5.74.

3. Technical indicators:

• RSI (Relative Strength Index): The current value is 62, close to the overbought area, indicating that the market bulls have a slight advantage.

• MACD (Making Average Convergence Difference): Above the zero axis, the bullish trend is maintained, but the momentum is slightly weakened.

Short-term contract strategy (T+0)

Long strategy:

• Entry point: If the price falls back to around $5.36 and stabilizes, you can try to go long with a light position.

• Target: The first target is $5.50, and it can go up to $5.74 after breaking through.

• Stop loss: Set below $5.30, strictly stop loss.

Short strategy:

• Entry point: If the price is blocked near $5.50, you can try to go short with a light position.

• Target: The first target is $5.36, and the second target is $5.20.

• Stop loss: Close the position after breaking through $5.55.

Summary

TON is currently at a critical position, and both long and short parties may play in the range of $5.36 to $5.50 in the short term. Investors are advised to remain flexible, strictly implement stop loss strategies, and take actions at key points to avoid risks and lock in profits. $TON