$TON

swept local highs into 2.06 and immediately faced aggressive supply.

The rejection wasn’t just profit taking price failed to hold above the breakout area and quickly rotated back inside the previous range. That usually tells you the move was more liquidity-driven than true continuation.

Now price is stabilizing around 1.93 after the selloff into 1.91 lows.

Short term structure is still weak while trading below 1.97–2.00.

That zone now acts as near-term supply.

What matters here is whether buyers can build acceptance above 1.94–1.95 instead of just printing small relief candles after the dump.

Key areas:

Support: 1.91

Mid resistance: 1.97

Main resistance: 2.00–2.03

If 1.91 gets taken cleanly, price can easily seek deeper liquidity lower before real bids appear again.

For longs, chasing inside the middle of the range is risky after a sharp rejection candle sequence like this. Better to wait for either:

reclaim of 1.97 with strength

or another sweep into lows followed by absorption

Right now it looks more like redistribution after expansion rather than clean continuation.

Patience matters here. Let price confirm acceptance before committing size.