Post
🛝🛝🛝[TECHNICAL VIEW] $TON USDT (1D Timeframe) – Accumulation plan around the $2.3 zone?
After a strong rally that pushed price to a short-term peak at $2.908 in early May, TON is now going through a relatively clear corrective phase.
Currently, price is trading around $1.939, down about 0.71% on the day. On the daily candle structure, selling pressure is showing signs of slowing down, but buy-side demand at the current level has not really exploded yet (trading volume has been gradually declining after a series of distribution days).
Why the $2.3 zone?
Previously, during the pullback from the $2.9 peak, the $2.3 area acted as a temporary stop – a zone where bulls attempted to establish short-term support (a mild sideways range) before eventually being pushed lower by broader market pressure, as seen now.
For those who missed the previous upward move or are waiting for a technical rebound (Dead Cat Bounce) to retest prior resistance, the $2.3 zone is often seen as an important psychological level to watch.
Suggested strategy at this stage:
Recovery scenario: If TON forms a bottom around the $1.8 – $1.9 region and buying pressure returns, the first short-term recovery target would be a retest of the $2.3 zone. Therefore, any accumulation positions around current levels should closely monitor price reaction at that zone for profit-taking or risk management.
Capital management: The current daily correction has not yet shown a clear reversal candle. It is recommended to scale into positions gradually and avoid FOMO or excessive leverage too early.
What’s your view on TON’s current correction? Is $1.9 already the bottom, or do we still need a deeper liquidity sweep? Drop your thoughts below.
#BTCBottomPlayingOut
#ton #MarketOverloadWeek

Disclaimer: OKX TR Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!