strong buy

TON Initiates Major Reversal - Buy Long Setup Confirmed

The analysis indicates that TON has begun a major reversal formation, which is not widely recognized yet. The recent price surge appears to confirm this structural shift, especially after capturing significant liquidity from early March to June. A key dip to $2.6 was met with an immediate reaction, and the subsequent price action suggests a strong move away from typical retracement patterns, as a major swing low was established along with the removal of a daily order block. Institutional investors are unlikely to push the price below current levels, implying that recent movements are just liquidity hunts. Consequently, a long position is being considered at the current price of $2.783, targeting the next major liquidity level while placing a stop loss below the previous dip’s 0.5 level. This setup appears promising for a bullish continuation.
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AI Analysis

The technical analysis of TON's chart on higher timeframes points towards a significant reversal pattern, which has not yet been fully appreciated by the market. The recent price action shows that TON...

AI Recommendation

Based on the analysis, it is advisable to consider opening a long position at the current price of $2.783. The rationale rests on the formation of a reversal pattern and the absorption of major liquid...

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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