$TON 1. Price trend

1-hour timeframe (1H): The current price is at $5.829, hovering near the daily high ($5.863). The main trend is bullish, with the price surpassing the middle Bollinger Bands ($5.733) and approaching the upper band ($5.839). RSI is at 78.92, indicating an overbought zone, with a possibility of a short-term correction.

15-minute timeframe (15M): The uptrend is stronger, with the price continuously forming large green candles and a spike in trading volume. RSI is at 85.76, overbought, indicating an increasing risk of correction.

2. Entry points

Buy point (Long): Wait for the price to correct to the range of $5.73 - $5.75 (middle Bollinger Bands of the 15-minute timeframe) with a bullish reversal signal like a Doji or Hammer candle.

Sell point (Short): If the price touches $5.85 - $5.87 (upper resistance zone of the Bollinger Band on the 1H timeframe) and shows a bearish reversal signal like a Shooting Star or Bearish Engulfing, this is an opportunity to open a sell position.

3. Take Profit levels

Buy order: Take profit at $5.85 - $5.87 (near resistance).

Sell order: Take profit at $5.70 - $5.73 (support at the middle Bollinger Bands of the 1H timeframe).

4. Stop Loss

Buy order: Stop loss below $5.68 (break below MA(5) support on the 1H timeframe).

Sell order: Stop loss above $5.90 (break above resistance of the Bollinger Bands on the 1H timeframe).

5. Overall strategy

The short-term uptrend is dominant; however, the overbought RSI zone suggests a potential correction in smaller timeframes. Prioritize trading based on reversal signals when the price reaches resistance or support zones.

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#TONUSDT #CryptoTrading #TechnicalAnalysis #Uptrend #BollingerBands #RSI