$TON is making a healthy pullback above EMA20 after breaking the high resistance at 1.36, with deep buy orders (Bids) significantly outweighing sell orders (Asks), indicating institutional support for accumulation.
🎯 Direction: Go long
🎯 Entry: 1.355 - 1.345
🛑 Stop loss: 1.335 (rigid stop loss, breaking previous low and EMA20 support)
🚀 Target 1: 1.385
🚀 Target 2: 1.420
Market analysis: After the price strongly broke through the key resistance at 1.36, no significant selling occurred, but rather a contraction in volume on the pullback. The 4H RSI (53.84) is in a healthy neutral zone, away from overbought levels.
Core logic: 1. The order book depth imbalance reached 1.29%, with the buy wall (Bids) thickness far exceeding the sell wall (Asks), which is typical institutional behavior for support. 2. The price remains stable above EMA20 (1.3426), with stable open interest, and the funding rate is only 0.0026%, indicating no short squeeze risk and not a signal for the main force to go long. 3. The pullback zone (1.345-1.355) is a key support area for the previous high conversion, and combined with the shrinking volume, it represents a healthy reset.
Risk control core: The stop loss is set at 1.335, which is the logical failure point where EMA20 support and previous low resonate. The risk-reward ratio (R:R) > 2.0.
Trade here 👇$TON
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