Here’s a concise technical analysis and trade signal for $TON

/USDT:

Technical Analysis:

Current Price: 6.002 USDT (up by +3.97%)

Trend: Bullish momentum with price pushing towards recent high (6.104).

RSI (Relative Strength Index): A potential bullish trend continuation if RSI confirms no overbought conditions (could be between 50-70).

Moving Averages: 50 EMA above 200 EMA shows upward pressure, signaling a potential continuation in the uptrend.

Support & Resistance:

Support Level: 5.682 (recent low)

Resistance Level: 6.104 (24h high)

Trade Signal:

Buy Signal: Consider entering a long position at 6.002 USDT, with price potentially breaking the recent resistance near 6.104.

Stop Loss: Place stop loss at 5.68 to manage risk.

Target Levels 🎯:

1. First Target (T1): 6.50 – A key price point just above resistance.

2. Second Target (T2): 6.80 – Extension of upward momentum based on previous higher levels.

3. Third Target (T3): 7.00 – Psychological level and continuation target.

Momentum:

Bullish Momentum is supported by price action above key EMAs, with price testing key resistance levels.

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