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š TON/USD Technical Analysis ā December 12, 2024
With TON/USD currently trading at 6.404, the market is poised at an important level, with key support and resistance zones that could determine the next move. Traders should keep a close eye on these price points for potential trading opportunities.
š Support Levels:
6.350 is the immediate support level. If TON/USD breaks below this, we could see a pullback towards 6.300 and 6.250 as the next support zones.
š Resistance Levels:
6.450 is the immediate resistance to watch. A breakout above this could signal a strong bullish move, with targets at 6.500 and 6.550 in the short term.
š„ Entry Strategy:
For those considering a long position, entering near 6.404 with a stop loss just below 6.350 offers a solid risk-to-reward ratio. If 6.450 is broken, consider extending positions with a target at 6.500 or higher.
š Outlook:
TON/USD is at a crucial inflection point. A successful breakout above 6.450 could ignite further upward momentum, while a drop below 6.350 may signal a potential retracement. Watch these levels closely to capture the next big move!
TON traders, itās time to stay sharpākey price action is expected in the coming hours!
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