๐ $TON USDT 3D Chart Analysis ๐
๐ Current Price Action #tonecoin
Price: $5.698 ๐
Decline: -5.93% ๐จ
The price has tested support zones after failing to break above higher resistance, showing short-term weakness.
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๐ Key Levels to Watch
1๏ธโฃ ๐ก๏ธ Immediate Support Zone:
Range: $5.426โ$4.998
Importance: A breakdown below this level could trigger further downside.
Opportunity: If the price revisits this zone, itโs a good DCA (Dollar-Cost Averaging) opportunity.
2๏ธโฃ ๐ Retest Level:
Level: $5.698
Insight: Current price is at a retest point. A bounce here would confirm support.
3๏ธโฃ ๐ Breakout Resistance Levels:
Near-term Resistance: $7.082
A move above this could trigger a rally.
Bull Breakout Level: $8.224
Breaching this level signals strong bullish momentum.
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๐ Trend Analysis
The ascending trendline ๐งญ (supporting the uptrend) remains intact.
This trendline aligns with the support zone, which strengthens its importance.
Scenario: If the price respects this trendline, it may form a higher low, maintaining a bullish structure.
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๐ Trading Plan
โ Long Scenario:
Entry Zone: $5.426โ$4.998 ๐ก๏ธ (if price dips into this support).
Confirmation: Bounce from the ascending trendline.
Targets:
๐ฏ Near-term Resistance: $7.082
๐ Bull Breakout: $8.224
โ Short Scenario:
Trigger: A close below $4.998.
Target: $4.000 or lower, depending on volume and momentum.
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โ ๏ธ Risk Management
Stop Loss for Longs: Below $4.998 ๐จ
Stop Loss for Shorts: Above $5.698 ๐จ
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๐ Action Plan
This is a critical zone to watch closely:
A dip into the support zone offers an opportunity to scale in with DCA for potential upside.
A breakdown below $4.998 requires reassessment for short setups.
Trade smart, manage risks, and let the market come to you! ๐