TON TRADING IDEA

TONUSDT Analysis: Daily Timeframe 📊

The chart illustrates TON/USDT on a daily timeframe with clear Buy and Sell signals based on the forecast. Here’s a breakdown of the significant upcoming dates and signals:

🟢 October 4, 2024 - Buy Date (Green Line):
This date is forecasted as a local bottom, indicating a favorable time to start accumulating long positions in TON. Expect a price decline leading up to this point, providing a good opportunity to enter long trades.

🟥 September 19, 2024 - Sell Date (Red Line):
This line marks a potential local peak, suggesting it could be a good time to take profits or tighten stop-losses as a correction may follow shortly after.

🟥 October 29, 2024 - Sell Date (Red Line):
Another local peak forecasted for this date, signaling another ideal point to close positions and avoid possible price retracement.

🔴 Support Level Alert:
The horizontal red line at $3.558 signifies a critical support level for TON. If the price approaches this level, it’s essential to closely monitor for potential breakdowns or bounces.

🕒 Note: All times are based on Los Angeles time (UTC -7). There may be a slight margin of error of 1-2 candles depending on the timeframe. Cross-reference with higher and lower timeframes for more accurate decision-making.