$TON Long Liquidation: $2.9687K at $5.6905
A significant $2.9687K long liquidation occurred at $5.6905, indicating a bearish turn in $TON's price movement. This suggests that buyers faced intense selling pressure, pushing the price downward and triggering liquidations. Traders should keep an eye on the $5.6500 level as immediate support and $5.7500 as resistance for any recovery attempts. The liquidation reflects heightened market volatility, so caution is advised, particularly with further downside risks if support levels fail to hold. This development emphasizes the importance of managing risk and staying vigilant in such dynamic market conditions.