TON Buy/Long Signal (12H)

On the chart, we are currently observing a bullish Change of Character (CHoCH), and importantly, the low that initiated this structural shift has not been taken out. This level is acting as a key demand zone and a strong defensive line for buyers, indicating that bulls are still in control of the market structure.

From a price action perspective, TON appears to be attempting to form a double bottom at the lower range, which is often a classic bullish reversal or continuation pattern. This structure suggests that sellers are losing momentum while buyers are gradually stepping in to absorb supply and prepare for a potential upside expansion.

As long as no candle closes below the previous low, the bullish scenario remains valid. Holding above this critical support increases the probability that TON can complete this bullish setup and push price higher, potentially targeting higher liquidity zones and resistance levels.

Overall, market structure, price behavior, and buyer defense at the lows all support a bullish continuation bias, unless the key support is decisively broken with a strong close below it.

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This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.