$TON has shown a resistance around $4.5 with potential of short-term reversal while a bearish bias ahead.
$TON in short-term indicates a bullish trend with the price trading above both the SMA and EMA. The RSI is in the neutral zone, and the Stochastic Oscillator is in the overbought region, suggesting a potential reversal. Traders can consider a long position with an entry at $4.616, setting a stop-loss at $4.608, and targeting an exit at $4.658 for spot trading.
$TON on hourly charts shows a bearish trend as the price is below the SMAs and EMAs. The RSI is in the oversold territory, indicating a possible reversal soon. Traders can look for a short position with an entry at $4.564, a stop-loss at $4.625, and an exit target at $4.542
The daily timeframe reflects a bearish sentiment with the price below both the SMAs and EMAs. The RSI is in the oversold region, suggesting a potential reversal. Traders can consider a short position with an entry at $4.616, a stop-loss at $4.652, and an exit target at $4.514.
Key resistance levels are at $4.618, $4.705, and $5.040, while support levels are at $4.534, $4.542, and $4.298 based on the Bollinger Bands.
**Note: All indicator readings are as per the time of this analysis. Exercise caution and do thorough research before making trading decisions.
