TONUSDT | Bullish Retest & Fibonacci Confluence 🚀
TON has recently pushed into new highs, forming a strong uptrend on the 15-minute timeframe. The price is currently pulling back into key Fibonacci retracement levels, creating a potential long entry opportunity.
🔹 Technical Analysis:
✅ Trendline Support: The price is respecting an ascending dashed trendline, indicating bullish structure continuation.
✅ Fibonacci Levels: The 0.382 ($4.0286) and 0.5 ($3.9923) levels align with key support zones.
✅ EMA Confluence: Price is interacting with the 7, 25, and 99 EMAs, suggesting a possible bounce.
📊 Key Levels to Watch:
🔹 Immediate Support: $4.0286 (Fib 0.382)
🔹 Stronger Support: $3.9923 (Fib 0.5)
🔹 Breakout Resistance: $4.0740 (Fib 0.236)
🔹 Major Target: $4.1486
🚀 Long Setup Confirmation:
A strong bounce from the Fibonacci retracement levels ($4.0286–$3.9923) with increasing volume could confirm a long entry. A break above $4.0740 would signal bullish continuation towards $4.1486 and beyond.
🔻 Invalidation & Risk Management:
A break below $3.9563 (Fib 0.618) could invalidate this setup.
A stop-loss can be placed below this level to minimize risk.
If the trend holds, TON could be gearing up for another leg up! Watch for a strong reaction at key Fibonacci levels.
#TON #Crypto #Trading #LongSetup #TechnicalAnalysis 🚀
TON has recently pushed into new highs, forming a strong uptrend on the 15-minute timeframe. The price is currently pulling back into key Fibonacci retracement levels, creating a potential long entry opportunity.
🔹 Technical Analysis:
✅ Trendline Support: The price is respecting an ascending dashed trendline, indicating bullish structure continuation.
✅ Fibonacci Levels: The 0.382 ($4.0286) and 0.5 ($3.9923) levels align with key support zones.
✅ EMA Confluence: Price is interacting with the 7, 25, and 99 EMAs, suggesting a possible bounce.
📊 Key Levels to Watch:
🔹 Immediate Support: $4.0286 (Fib 0.382)
🔹 Stronger Support: $3.9923 (Fib 0.5)
🔹 Breakout Resistance: $4.0740 (Fib 0.236)
🔹 Major Target: $4.1486
🚀 Long Setup Confirmation:
A strong bounce from the Fibonacci retracement levels ($4.0286–$3.9923) with increasing volume could confirm a long entry. A break above $4.0740 would signal bullish continuation towards $4.1486 and beyond.
🔻 Invalidation & Risk Management:
A break below $3.9563 (Fib 0.618) could invalidate this setup.
A stop-loss can be placed below this level to minimize risk.
If the trend holds, TON could be gearing up for another leg up! Watch for a strong reaction at key Fibonacci levels.
#TON #Crypto #Trading #LongSetup #TechnicalAnalysis 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.