TON LONG READY
2025-01-25
Category: None

TON has hit the global support I mentioned in my previous analysis—it was simple and obvious.
From the current state, we’re seeing lower volatility, and this could be a solid entry point for a long to the nearest resistance zone (the red one).

What’s good here?
--
+ 1D bullish candle (but we need to wait for today’s close).
+ 0.5 Fib retracement from the previous support bounce—potentially a great zone to try longs with a small SL.
+ Low volatility
+ Huge 4h divergence
+ Double bottom pattern
+ Global support zone already 2nd bounce.

What’s bad here?
--
- Unstable BTC. BTC’s price seems high with high volatility, which could ruin the long setup if BTC drops.
- If BTC goes down, TON might revisit the support zone again (green one) and test for a third bottom.
- 4H in downtrend.

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