$TON /USDT SHORT TRADE SETUP
$TON is currently trading at 1.5569, showing significant weakness after a sharp -1.91% drop in the last few hours. The 15m chart indicates a series of lower highs as the asset continues its steady decline from the 1.6125 peak. Market sentiment is turning bearish as the price struggles to hold the $1.56 support level, with technical indicators reflecting a strong sell signal on shorter timeframes. Demand is currently failing to keep pace with the selling pressure as the price approaches its 24h low of 1.5448.
Target Points
TP1: 1.5200
TP2: 1.4850
TP3: 1.4400
Stop Loss
Set stop loss above 1.6200 to manage risk against a potential relief bounce or if buyers defend the psychological $1.55 support level.
Buy and Trade here on $TON
TONUSDT
Perp
1.4494
-0.75%