Technical Analysis for $TON

/USDT:

Current Price: $5.4 (+1.27% change)

Trend: Mild Bullish Momentum

Support Levels: $5.195 (strong support)

Resistance Levels: $5.518 (key resistance)

Key Indicators:

Moving Average: The short-term momentum is positive, suggesting buying pressure is building.

RSI: The Relative Strength Index is neutral, not overbought or oversold, indicating room for movement.

MACD: Bullish crossover hinting at continuation in upward momentum.

Trade Signal (Long):

Entry Price: $5.40 (current level)

Target Levels:

🎯 Target 1: $5.50 (approaching key resistance)

🎯 Target 2: $5.60 (psychological level, next resistance)

🎯 Target 3: $5.75 (higher resistance point)

Stop Loss: $5.20 (below recent low, ensuring manageable risk)

Momentum Overview:

Bullish Momentum: A mild bullish bias with upward potential, especially if price breaks above $5.50.

Risk/Reward: Favorable, considering the potential upside and close stop loss.

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