TONCOIN Preparing for Liftoff from the Golden Zone! Potential UpDetailed Breakdown:
🔶 Major Support Zone (Golden Accumulation Area):
TON is currently trading within a strong support zone between 2.839 - 2.300, which previously acted as a key resistance throughout 2023. This zone now serves as a high-probability accumulation area.
🔶 Double Bottom Structure & Reversal Potential:
The price action is forming a potential double bottom pattern, often signaling a major reversal after a prolonged downtrend. This is also supported by sideways consolidation on the support with decreasing selling momentum.
🔶 Bullish Targets (Based on Fibonacci & Historical Resistance):
If a bounce occurs from this golden support area, TON could rally towards the following key resistance levels:
🎯 Target 1: 3.247
🎯 Target 2: 4.087
🎯 Target 3: 4.798
🎯 Target 4: 5.879
🎯 Target 5: 6.865
🎯 Target 6: 7.932
🎯 Ultimate Target (ATH): 8.283
🔶 Maximum Potential Upside:
From the current level (around 2.839) to the all-time high (8.283), TON presents a +190% upside opportunity in a full bullish scenario.
Trading Strategy:
✅ Buy Zone: Accumulate within the golden support box (2.3 - 2.8 USDT)
🔁 Additional Entry: Upon breakout confirmation above 3.25 USDT
❌ Stop Loss: Below 2.2 USDT with strong bearish volume
📈 Take Profit Levels: Use resistance levels as partial TP targets
Conclusion:
TONCOIN is positioned at a technically significant support area, offering a high-risk-reward opportunity for swing traders and mid-term investors. A bullish reaction from this zone could initiate a strong multi-wave rally. Watch for breakout confirmation with volume before entering aggressively.
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