The $TON /USDT chart shows a slight decline in price, with the pair falling from a high of $5.806 to the current level of $5.691, reflecting a 1.71% decrease. The price touched a low of $5.592 within the last 24 hours, indicating that there is some selling pressure in the market. The recent downturn might be the result of profit-taking after the price reached its peak of $5.806. Currently, the price is showing signs of stabilization near the $5.660 mark, which might act as a short-term support level.

The key resistance is at $5.813, the recent 24-hour high. If the price manages to break above this level, it could resume the bullish momentum and aim for higher levels, potentially pushing toward $6.00. On the downside, immediate support lies at $5.592, which is the recent low. If the price drops below this level, it may indicate a deeper correction, and the next support zone could be around $5.50.

Traders looking to enter long positions should watch for a potential breakout above $5.813 or wait for the price to stabilize near the $5.592 support before entering. If the support holds, it could provide a good entry point for a long trade. Stop-losses should be placed below the $5.592 support level to mitigate downside risk in case of further declines.

The overall sentiment is cautious, as the current pullback indicates a momentary weakness in the market. However, if the price rebounds from support or breaks above resistance, a resumption of the bullish trend may occur, offering traders potential opportunities for gains.

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