Analysis of Short-Term Trading Strategies After TON Price Correction

Market Analysis

The current price of TON is $6.451, having fallen by 3.82% in the last 24 hours. It has pulled back from a high of $7.200 and is currently below the MA(7) moving average, but still above the MA(25) and MA(99) moving averages, indicating that the medium-term trend remains bullish. The RSI(6) indicator is at 37.956, showing short-term oversold conditions, with potential for a rebound.

Support and Resistance Levels

Support Levels

1. $6.387

2. $6.200

3. $5.800

Resistance Levels

1. $6.750

2. $7.000

3. $7.200

Short-Term Trading Strategies

Long Strategy

• Entry Point: $6.387

• Add Position: $6.200

• Stop Loss: $5.800

• Take Profit: $6.750, $7.000

Short Strategy

• Entry Point: $6.750

• Add Position: $7.000

• Stop Loss: $7.200

• Take Profit: $6.387, $6.200

If the TON price can hold above the support level of $6.387 with increasing trading volume, a rebound to $6.750 or higher is expected in the short term; if it breaks below $6.200, it may continue to decline and test $5.800.

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