2. Rebound: Buyers may step in around strong support levels, leading to a potential price recovery.
Key Levels to Watch
Buy Zone: $5.65 - $5.75 This is a key support area where buyers are likely to enter the market. Look for signs of stabilization before making your move.
Target Levels:
Target 1: $5.95 (Immediate resistance zone)
Target 2: $6.10 (Strong resistance and psychological level)
Stop Loss: $5.60 Set your stop loss below the support zone to protect your capital in case the price continues to decline.
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Trading Strategy
1. Wait for Confirmation: Allow the price to approach the Buy Zone and stabilize. Look for bullish indicators like strong green candles or increased volume.
2. Enter Wisely: Once the price shows signs of recovery, consider entering a long position with clear targets and a stop loss.
3. Stick to the Plan: Discipline is crucial. Follow your set levels to avoid unnecessary risks.
Risk Management
Always limit your risk to 1-2% of your trading capital per trade. This approach safeguards your portfolio during unpredictable market conditions.
Pro Tip
Monitor broader market sentiment. If Bitcoin or other major cryptos rally, TON may follow suit, providing additional momentum.
Be patient, trade smart, and let the market present the opportunity. Consistency is key to long-term success!
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