$TON $TON The $TON /USDT pair is currently in a sideways trend, consolidating within a defined range. The price has been moving sideways for the past few days, indicating indecision among traders.

Support and Resistance

Strong Support: $4.758 (Recent Swing Low)

Immediate Support: $4.738 (Depth Level)

Immediate Resistance: $4.911 (Current Price)

Strong Resistance: $5.147 (24h High)

Entry Signal

A breakout above the strong resistance level at $5.147 could signal a potential bullish move. This breakout can act as a confirmation of the uptrend and provide a better entry point with reduced risk.

Trading Strategy

Buy Entry: Wait for a breakout above the strong resistance level at $5.147.

Stop-Loss: Place a stop-loss order below the recent swing low.

Take-Profit: Set a take-profit target near the next significant resistance level.

Additional Considerations

Volume: Monitor trading volume. Increased volume during a breakout can confirm the strength of the move.

Market Sentiment: Consider broader market sentiment and news events that may impact TON's price.

Risk Management: Always practice proper risk management by using stop-loss orders and position sizing.#CryptoAMA #29thBNBBurn #16thBTCWhitePaperAnniv #USNFPCooldown #Write2Earn!