TON/USDT, The key indicators #TON such as the MACD, MA (moving averages), and volume are displayed. Here’s a technical analysis with detailed
Technical Analysis
Current Price: 6.469 USDT
Moving Averages:
MA60 at 6.459 indicates support near this level.
Shorter-term MAs (5 & 10) suggest a recent upward momentum slowing down as they near convergence.
MACD:
DIF (yellow) below DEA (pink) indicates bearish crossover.
Histogram is approaching the negative zone, suggesting weakening bullish momentum.
Volume:
Spike in volume at the last candle but with a red bar, indicating selling pressure at higher levels.
Trade Strategy
Long Entry/Exit
Entry Point (Buy):
Enter a long position if the price rebounds from 6.450-6.460 (MA60 support zone) with confirmation of increased buying volume.
Take Profit (TP):
First TP: 6.550 (near recent high).
Second TP: 6.600 (next resistance zone).
Stop Loss (SL):
Place SL at 6.410, slightly below support, to limit losses.
Short Entry/Exit
Entry Point (Sell):
Enter a short position if the price breaks below 6.445 with strong volume and MACD momentum confirming bearish pressure.
Take Profit (TP):
First TP: 6.400 (minor support).
Second TP: 6.350 (next key support).
Stop Loss (SL):
Place SL at 6.500, just above recent resistance.
Trade Duration
Scalping or Intraday:
Due to current volatility and MACD signals, this trade is better suited for short-term positions (15-30 minutes to a few hours).
Contingency Plans
Plan A:
If long trade is invalidated by the price failing to hold 6.450:
Exit immediately and consider switching to a short position.
Plan B:
If short trade fails due to a bounce back above 6.500:
Exit and wait for new confirmation signals (e.g., a higher high or rejection at 6.550).
Plan C:
If the market consolidates between 6.445 and 6.500:
Stay out of the market until a clear breakout occurs.
Plan D:
In case of unexpected volatility (e.g., breaking out above 6.600):
Use a trailing stop for long trades to lock in profits while staying in the trend.
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