#Ton UPDATE ๐๐๐
#TechnicalAnalysis #Keylevels #TRADINGSIGNAL
๐จโ๐ปTechnical Analysis:
The Bollinger Bands indicator with parameters (20, 2) is showing that the price of $TON /USDT is currently trading within the bands, indicating a period of consolidation. The Moving Average (MB) is at 6.630, which can act as a support level for the price. The resistance level is at 7.109.
๐Key Levels:
- Resistance: 7.109, 7.269, 7.330
- Support: 6.630, 6.385, 6.151
๐นTrading Signals:
Based on the technical analysis, the price of $TON /USDT is currently in a consolidation phase. Traders may consider waiting for a clear breakout above the resistance level at 7.109 for a potential buying opportunity. Alternatively, if the price breaks below the support level at 6.630, traders may consider short positions.
