$TON Long Liquidation: $8.5606K at $5.64498
šØ Market Update:
Liquidation Type: Long
Liquidation Value: $8,560.60
Liquidation Price: $5.64498
š¹ Market Insight:
Toncoin (TON) experienced a significant long liquidation at $5.64498, highlighting bearish momentum in the market.
However, this drop could present an opportunity for buyers if the price stabilizes and reverses.
š„ Whatās Next?
Buy Zone: Look to enter between $5.60 and $5.70, where the price may find support.
Target 1: Aim for $5.90, a nearby resistance level, offering a potential 4.0% gain.
Target 2: If momentum strengthens, target $6.10, a critical breakout zone.
Stop Loss: Place your stop-loss at $5.50 to limit downside risk.
š„ Key Levels to Watch:
Support Zone: Immediate support lies at $5.60. A bounce from this level could signal a shift in sentiment.
Breakout Zone: A sustained move above $5.90 might lead to a rally toward $6.30, driven by market optimism.
š Pro Tips:
1. Monitor Volume: High trading volume near $5.60 could confirm strong buying interest.
2. Secure Profits: Lock in partial gains at $5.90 and adjust your stop-loss as TON approaches $6.10 for additional gains.
3. Market Sentiment: Follow broader altcoin trends to gauge TONās recovery potential.