🔥 $TON: Mired in Mud with Bears Circling
We're deep in this consolidation slog right now, and that low-key bearish pressure? It's gnawing at me like a bad habit I can't shake.
.No big moves yet, but if support gives way? Could get ugly fast. Anyway, quick rundown on what I'm seeing.
*On the Volume Front:
Peeking at those K-lines, the sell-offs have real teeth lately, volume blasting to 72.2M while price tanked hard. Textbook distribution, no doubt. That said, the newest bars are chilling out volume-wise, almost like the dumpers are running on fumes. Hoping it's a sign they're tapped out, but yeah, I'm not betting the farm on it just yet.
*Capital Flows Scoop:
Derivatives are the real story—net outflows are brutal across the board, like -2.07M USDT in the last 4H and a whopping -1.12M over 7D. That's whales dumping futures hard. Spot's not as ugly (-2.85M USDT in 7D), but it's still outflow city, screaming caution from the retail crowd. Overall? Market's on edge, not ready to party.
*My Take on the Trade $TON : cautiously bearish here—I'm eyeing a short if we punch through support, but no FOMO entries. Play it smart.
- Entry Vibes: Jump short below Support at 1.4448 USDT, but only if volume ramps up to back it (no ghost breaks). Or, if you're patient, wait for a fakeout pullback to Resistance (1.5208 USDT)
- Stop: Park it at 1.5700 USDT, snug above the 24H high.
- Targets $TON : First stop Support at 1.3961 USDT, then let it ride lower if momentum builds.
You seeing the same bear claws, or is TON about to surprise us? #TON #TONUSDT #TONCOİN