Market Update: $TON /USDT Rally Breakout!🔥💯
The TON/USDT pair has shown an impressive rally, trading at $6.031, up 5.49% in the last 24 hours. The price has broken out of the consolidation zone near $5.80, which previously acted as a strong resistance, now turning into key support.
Key Trade Levels:
• Long Entry: A pullback to the $5.80-$5.85 zone (support) can be an ideal long entry point, targeting $6.20-$6.40 levels.
• Short Entry: Look for signs of rejection near $6.20-$6.25 to enter a short trade with a target towards $5.80.
Market Analysis:
TON/USDT is currently in a bullish structure with higher highs and higher lows. If the momentum continues, we may see the price extend toward $6.40 or higher. However, a break below $5.80 could signal short-term weakness, leading to a deeper retracement toward $5.60.
Next Move:
• Bullish continuation depends on maintaining momentum above $5.95.
• A consolidation above $6.00 may attract fresh buyers for the next leg up.
Always manage your risk with stop losses—place them below $5.75 for longs and above $6.30 for shorts. Stay alert to market reactions at critical levels!