$TON USDT: Short Trade Opportunity!šŸ”„šŸ’Æ

Market Overview:

TONUSDT is currently trading within a descending price channel, signaling potential bearish momentum. Key levels highlight a possible short-term move to capitalize on the ongoing trend.

Trade Setup:

ā€¢ Entry: $4.90 (on breakdown of support)

ā€¢ Take Profit (TP):

1. TP1: $4.75 (near-term support)

2. TP2: $4.60 (channel bottom)

ā€¢ Stop Loss (SL): $5.05 (above recent resistance)

Risk-Reward:

This setup offers a favorable risk-to-reward ratio of 1:3 if TP2 is achieved. Adjust stop-loss to breakeven once TP1 is reached.

Key Insights:

ā€¢ Monitor price action closely near the $4.85ā€“$4.90 zone for confirmation.

ā€¢ A breakdown below $4.90 could accelerate selling pressure.

ā€¢ Stay cautious; high volatility expected near TP levels.

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