đ $TON Idea (1-Hour Chart) đ
â¶ïž Entry Zone: 6.676 (Current price)
đ Stop Loss: 6.592 (24h Low)
đŻ Take Profit 1: 6.932 (24h High)
đŻ Take Profit 2: 7.269 (Previous high)
đ Analysis:
* The price is currently near the EMA(50) of 6.754, indicating a neutral zone where momentum could shift in either direction.
* The RSI(14) is at 38.170, showing bearish momentum, but it's approaching the oversold territory, suggesting a potential reversal could occur.
* The MACD is negative, with both the DIF and DEA lines below zero, indicating a bearish trend. However, the histogram is relatively flat, suggesting that the downtrend might be losing strength.
The current setup suggests caution as the price is hovering near the EMA(50). A break above the EMA(50) could signal a bullish reversal, while a failure to do so may result in continued downward momentum.
â ïž Caution:
* Monitor the RSI closely; a bounce from oversold levels could trigger a reversal.
* Use a tight stop-loss just below the 24h low to protect against further downside.
* Consider waiting for confirmation of a direction before taking a larger position.
#TradingStrategy #TechnicalAnalysis #CryptoTrading #TON #BearishTrend
