analysis 📊 Toncoin TON-->>USDT Technical Analysis – 4H Timeframe

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This is a detailed technical analysis of Toncoin (TON/USDT) based on the 4-hour timeframe. This breakdown includes support and resistance levels, trade setups, potential entry and exit points, and market sentiment.

⚠ Important: This analysis is conducted on the 4-hour timeframe. For shorter timeframes (15m, 30m, 1H) and real-time updates, you need a TradingView Premium Account. Upgrade now to stay ahead of the market! 🚀

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1. Key Observations on the Chart

A. Support & Resistance Levels

• Major Resistance Zones:
  • $3.58 - $4.00 → Strong rejection zone, multiple bear wicks indicate selling pressure.
  • $5.00+ → Psychological resistance, previously acted as strong supply.
• Major Support Zones:
  • $3.00 - $3.20 → Current consolidation area, minor support.
  • $2.35 - $2.50 → Strong demand zone, significant bounce occurred here.

B. Price Action & Market Structure

• Current Price: $3.436
• Trend: Bearish but showing signs of a possible recovery.
• Bearish Wicks at Resistance: Sellers aggressively rejecting higher prices.
• Bullish Momentum from Support: Indicating buyers stepping in at lower levels.

C. Indicators & Patterns

• LuxAlgo Support & Resistance Levels: Clearly defining major zones.
• SR Channel & SMA Levels: 200 SMA acting as dynamic resistance.
• Bearish Wicks at Highs & Bullish Wicks at Lows: Signaling possible reversal points.

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2. Trading Strategy – How to Trade TON Right Now

A. Bullish Scenario (Long Entry – Buy Setup)

• Entry: Buy after a breakout and confirmation above $3.60
• Target:
  • TP1: $4.00
  • TP2: $4.50
  • TP3: $5.00+
• Stop-Loss: Below $3.20

B. Bearish Scenario (Short Entry – Sell Setup)

• Entry: Short if price gets rejected at $3.58 - $3.80 and starts falling.
• Target:
  • TP1: $3.20
  • TP2: $2.80
  • TP3: $2.50
• Stop-Loss: Above $3.85

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3. Market Sentiment & Risk Management

• Bearish Signs: The trend is still bearish, but the market is attempting to recover.
• Bullish Signs: A breakout above $3.60 - $3.80 could lead to further gains.
• Risk Management: Maintain at least a 1:2 risk-to-reward ratio on all trades.

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4. Premium Access for Lower Timeframe Insights!

This analysis is based on the 4-hour chart. For real-time data, lower timeframes (15m, 30m, 1H), and exclusive indicators, you need a TradingView Premium Account. 🚀

🔥 Upgrade now to get full market insights and boost your trading strategy! 🔥