strong buy
Potential Reversal for TONUSDT as Key Demand Zone Holds and Targets Set
The analysis indicates a shift in trend for the trading pair involving #TONUSDT, suggesting a potential move upward. The price recently tested a crucial demand zone and a 2-hour order block, areas where prior bullish momentum originated. Currently, a structure break and a change in character point toward a possible reversal in direction. Despite recent volatility, the activity around the demand zone supports ongoing buying interest. A strong reaction from a weak low could imply liquidity collection and an imminent upward movement. The target levels include an immediate resistance at 3.1059 USDT, followed by higher targets at 3.3306 and 3.5243 USDT, identified as key liquidity zones and supply areas.
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AI Analysis
The recent price action on the 2-hour timeframe shows a significant test of a critical demand zone and an associated order block, both of which have historically been catalysts for upward momentum. Th...
AI Recommendation
If the price remains above the stop loss level of $2.8504, holding the long position appears justified given the technical evidence of a potential trend reversal. Trailing stops could be considered as...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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