RealMRA

"πŸš€ Explosive Potential: TON Coin's Latest Resistance πŸ“ˆ"

Long
RealMRA Updated   
OKX:TONUSDT   Toncoin/Tether
πŸ” Let's delve into analyzing the latest resistance stronghold of this cryptocurrency!

πŸš€ This popular crypto asset and the Telegram community are currently under scrutiny and analysis on the weekly timeframe.

πŸ” The coin, breaking its latest weekly resistance after 400 days, has once again reached and successfully surpassed its resistance this week.

πŸ’‘ You may consider purchasing it after the candle closes, both in spot and weekly views.

πŸ’° As the coin is currently at its peak price, determining potential targets based on support and resistance becomes challenging.

πŸ“ˆ The Fibonacci tool on the weekly timeframe suggests targets of 3.306 and 4.325, respectively.

β›” For setting stop-losses, you might place a riskier one behind the weekly candle after its closure, and a logical stop-loss range of 2.035.

πŸ“ˆ Confirmation for buying this coin can be seen in its robust and ascending volume, coupled with RSI and SMA 7 behind the candle.

πŸ” I also recommend researching your project to utilize and benefit from it during your holding period.

πŸ’Ό Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
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