$TON is making a healthy pullback above EMA20 after breaking through the high resistance at 1.36, with deep buy orders (Bids) significantly outweighing sell orders (Asks), indicating institutional support and accumulation.
🎯 Direction: Long
🎯 Entry: 1.355 - 1.345
🛑 Stop Loss: 1.335 (rigid stop loss, below previous low and EMA20 support)
🚀 Target 1: 1.385
🚀 Target 2: 1.420
Market Analysis: After a strong price breakout above the key resistance at 1.36, there was no significant selling volume, but rather a reduced volume pullback. The 4H RSI (53.84) is in a healthy neutral zone, away from overbought conditions.
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 support behavior. 2. The price firmly stands above EMA20 (1.3426), and the open interest is stable, with the funding rate at only 0.0026%, indicating no short squeeze risk and not a major signal to close long positions. 3. The pullback range (1.345-1.355) is a key support area for the previous high conversion, combined with shrinking volume, it represents a healthy reset.
Risk Control Core: The stop loss is set at 1.335, which is the logical invalidation point where EMA20 support and previous low resonate. Risk-reward ratio (R:R) > 2.0.
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