Detailed Breakdown:
🔶 Major Support Zone (Golden Accumulation Area):
TON is currently trading within a strong support zone between 2.839 - 2.300, which previously acted as a key resistance throughout 2023. This zone now serves as a high-probability accumulation area.
🔶 Double Bottom Structure & Reversal Potential:
The price action is forming a potential double bottom pattern, often signaling a major reversal after a prolonged downtrend. This is also supported by sideways consolidation on the support with decreasing selling momentum.
🔶 Bullish Targets (Based on Fibonacci & Historical Resistance):
If a bounce occurs from this golden support area, TON could rally towards the following key resistance levels:
🎯 Target 1: 3.247
🎯 Target 2: 4.087
🎯 Target 3: 4.798
🎯 Target 4: 5.879
🎯 Target 5: 6.865
🎯 Target 6: 7.932
🎯 Ultimate Target (ATH): 8.283
🔶 Maximum Potential Upside:
From the current level (around 2.839) to the all-time high (8.283), TON presents a +190% upside opportunity in a full bullish scenario.
Trading Strategy:
✅ Buy Zone: Accumulate within the golden support box (2.3 - 2.8 USDT)
🔁 Additional Entry: Upon breakout confirmation above 3.25 USDT
❌ Stop Loss: Below 2.2 USDT with strong bearish volume
📈 Take Profit Levels: Use resistance levels as partial TP targets
Conclusion:
TONCOIN is positioned at a technically significant support area, offering a high-risk-reward opportunity for swing traders and mid-term investors. A bullish reaction from this zone could initiate a strong multi-wave rally. Watch for breakout confirmation with volume before entering aggressively.
#TON #TONCOIN #CryptoBreakout #AltcoinSetup #TONUSDT #SwingTrade #BullishPattern #CryptoSignals #FibonacciLevels #TechnicalAnalysis
🔶 Major Support Zone (Golden Accumulation Area):
TON is currently trading within a strong support zone between 2.839 - 2.300, which previously acted as a key resistance throughout 2023. This zone now serves as a high-probability accumulation area.
🔶 Double Bottom Structure & Reversal Potential:
The price action is forming a potential double bottom pattern, often signaling a major reversal after a prolonged downtrend. This is also supported by sideways consolidation on the support with decreasing selling momentum.
🔶 Bullish Targets (Based on Fibonacci & Historical Resistance):
If a bounce occurs from this golden support area, TON could rally towards the following key resistance levels:
🎯 Target 1: 3.247
🎯 Target 2: 4.087
🎯 Target 3: 4.798
🎯 Target 4: 5.879
🎯 Target 5: 6.865
🎯 Target 6: 7.932
🎯 Ultimate Target (ATH): 8.283
🔶 Maximum Potential Upside:
From the current level (around 2.839) to the all-time high (8.283), TON presents a +190% upside opportunity in a full bullish scenario.
Trading Strategy:
✅ Buy Zone: Accumulate within the golden support box (2.3 - 2.8 USDT)
🔁 Additional Entry: Upon breakout confirmation above 3.25 USDT
❌ Stop Loss: Below 2.2 USDT with strong bearish volume
📈 Take Profit Levels: Use resistance levels as partial TP targets
Conclusion:
TONCOIN is positioned at a technically significant support area, offering a high-risk-reward opportunity for swing traders and mid-term investors. A bullish reaction from this zone could initiate a strong multi-wave rally. Watch for breakout confirmation with volume before entering aggressively.
#TON #TONCOIN #CryptoBreakout #AltcoinSetup #TONUSDT #SwingTrade #BullishPattern #CryptoSignals #FibonacciLevels #TechnicalAnalysis
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
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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.