🚨 $TON WARNING: Is this the ultimate fakeout? 📉
$TON /USDT - SHORT
Trade Plan:
Entry: 1.321 – 1.335
SL: 1.370
TP1: 1.299
TP2: 1.287
TP3: 1.250
Why this setup?
The 4h chart shows ton struggling to break above the MA(25) resistance. After a long period of choppy movement, the price is rejecting local highs with decreasing volume. We are seeing a clear rejection near the 1.325 zone. A breakdown below the MA(99) at 1.299 will likely trigger a fast drop to the recent 1.287 support.
Debate:
Is Ton building strength for a massive breakout, or is this just a trap for late buyers?