TON 4 H
⛳️| Let's take a quick look at TON, a popular Layer 1 crypto project that became well-known for its airdrops within Telegram. Currently, with a market cap of $9.19 billion, it ranks 16th in the coin market cap.
🔍 TON was one of the coins that experienced a sharp and significant drop during the recent Bitcoin downturn and failed to recover fully after pulling back to the 0.5 Fibonacci area. It has established its support floor at $3.701, with the main price floor being at $3.494, which is an important daily support.
📉 For a short position, you can consider entering if the $3.672 area breaks, but be aware that the main trigger is at $3.494, which is also a very important support area. The entry trigger for momentum would be a break of 35.92 in the RSI.
📈 For a long position, $3.892 is a good trigger, but be cautious as you are opening a long position during a correction of a downtrend, and the momentum could switch against your position at any time, potentially resulting in losses. Therefore, enter the position with the minimum possible risk.
🔍 TON was one of the coins that experienced a sharp and significant drop during the recent Bitcoin downturn and failed to recover fully after pulling back to the 0.5 Fibonacci area. It has established its support floor at $3.701, with the main price floor being at $3.494, which is an important daily support.
📉 For a short position, you can consider entering if the $3.672 area breaks, but be aware that the main trigger is at $3.494, which is also a very important support area. The entry trigger for momentum would be a break of 35.92 in the RSI.
📈 For a long position, $3.892 is a good trigger, but be cautious as you are opening a long position during a correction of a downtrend, and the momentum could switch against your position at any time, potentially resulting in losses. Therefore, enter the position with the minimum possible risk.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.