$TON /USDT Technical Analysis and Trade Signal
Current Price: $5.995
24h Change: +3.86%
24h High: $6.104
24h Low: $5.682
Technical Indicators:
SAR (Stop and Reverse): 6.076, indicating potential upward momentum.
RSI (Relative Strength Index): If available, should be checked for overbought/oversold conditions. RSI above 70 could signal overbought conditions, while below 30 indicates oversold.
Volume: Strong trading volume of 5M TON and 29.57M USDT, supporting the ongoing price movement.
Trade Signal:
Momentum: Bullish (due to the price rising by 3.86% and being near the upper range of 24h price movement).
Target Levels (🎯):
1. Target 1: $6.10 — Immediate resistance, near the 24h high. A break above this level could confirm further upward movement.
2. Target 2: $6.25 — A key psychological level and previous resistance. A solid breakout could push the price toward this range.
3. Target 3: $6.50 — Major resistance level, representing a potential profit-taking point if momentum continues.
Trade Momentum:
Buy Signal: If the price breaks above $6.10 with high volume, consider entering the trade for a continuation to the next targets.
Stop Loss: Around $5.75 (just below recent support levels) to minimize downside risk.
This technical outlook indicates a short-term bullish momentum for TON/USDT.
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