Entry Range: $5.85 - $6.05
SL: $5.76 - $5.92
TP: $6.13 - $6.95
Toncoin (TON) is showing signs of consolidation near the $5.90-$6.00 range, suggesting a potential breakout. The trading volume has increased by 9.07% in the last 24 hours, indicating heightened market activity. The Vol/Mkt Cap ratio of 1.54% supports the likelihood of short-term price movements suitable for scalping. A breakout above $6.05 could signal bullish momentum, while a dip below $5.85 could indicate bearish pressure.
For long positions, aim to enter near $5.90 with a stop-loss at $5.76 to minimize risk. Target short-term resistance levels near $6.13 and $6.25, with potential for a more significant move toward $6.50. For short positions, look for rejection at $6.05 and a target of $5.70 with a tight stop-loss at $6.12.
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