TON/USDT Technical Analysis:💰🤑💥
Key Data:
Current Price: $6.91 (+1.35%)
24h High: $6.977
24h Low: $6.659
24h Volume (TON): 6.25M TON
24h Volume (USDT): 42.60M USDT
Moving Averages:👈
MA(7): $6.874 (short-term)
MA(25): $6.807 (mid-term)
MA(99): $6.555 (long-term)
Support and Resistance:
Resistance Levels:🚀
$6.977 (24h high) is the immediate resistance level.
A break above this could push the price toward $7.00 (psychological resistance).
Support Levels:💲
$6.807 (25-day MA) is a key support if the price retraces.
$6.659 (24h low) is the next strong support level.
Technical Analysis:
Price Position:💲
The current price of $6.91 is slightly above the 7-day MA of $6.874, indicating a short-term bullish trend.
The price is also above the 25-day MA of $6.807, showing strength in the medium-term trend.
Volume:💸
6.25M TON and 42.60M USDT traded in the last 24 hours, reflecting decent market activity.
Trading Strategy:
Entry Levels:💵
1. Conservative Entry:
A pullback to $6.807 (25-day MA) could provide a better entry for a potential bounce back.
2. Aggressive Entry:
A breakout above $6.977 (24h high) could signal a continuation of the bullish momentum.
Targets:🎯
1. Target 1 (Short-term):
$6.977 (24h high) is the immediate resistance level. A break above this could push the price toward $7.00.
2. Target 2 (Medium-term):
If the bullish trend continues, further resistance can be seen at $7.00.
Stop-Loss:🛑
1. Stop-Loss 1 (Conservative):
Place the stop-loss at $6.659 (24h low) to manage downside risk.
2. Stop-Loss 2 (Aggressive):🎯
A tighter stop-loss can be placed at $6.807 (25-day MA) in case of a retracement.
Example Scenario:💷
Entry: $6.91 (current price) or $6.807 (25-day MA) on a pullback.
Stop-Loss: $6.659 (24h low).
Target 1: $6.977 (24h high).
Target 2: $7.00 (next resistance).
Conclusion:🗣️
TON/USDT is showing a +1.35% gain, with the price near $6.91 and the 7-day MA at $6.874, suggesting a potential continuation of the bullish trend. The immediate resistance is at $6.977, and the next target is $7.00. Traders can consider entering at current levels or on a pullback to $6.807, with stop-loss levels at $6.659.