$TON
Toncoin is currently trading around $5.465 on the 1-day chart. The chart shows a bearish trend with the price trading below key moving averages and resistance levels.
The key resistance levels to watch are $5.884, $6.287, and $6.932. Support levels to watch include $5.030. The current trading volume is 9.165 million shares, which suggests moderate trading activity.
For potential trading strategies, consider initiating a short position if the price breaks below $5.030 and set the stop loss at $6.00 to manage the risk. If the bearish momentum persists, set the profit target at $4.50.
This approach helps to take advantage of the bearish trend while managing the potential downside risk.
