Technical analysis by dfpksk about Symbol TON: Buy recommendation (5/17/2025)

Currently, the price is consolidating around the $3.10 level, testing a key resistance zone at $3.164, which has yet to be decisively broken. This level now serves as a significant short-term resistance.🔹 Bullish Scenario (LONG Opportunity):If the price manages to break above the $3.164 resistance with strong momentum and confirms the breakout through a successful retest, a long entry could be considered. In this case, the bullish structure would target the next major resistance area around $3.434, which aligns with a previous high and psychological level.🔸 Bearish Trap Scenario (Fake Breakout):If the price fails to hold above $3.164 and drops back into the red demand zone around $3.05–$3.07, we might witness a fake breakout or liquidity grab. This could trigger stop-loss hunts before a potential reversal. A bullish reaction from this demand zone could still offer a solid long opportunity with tight risk management.📊 Volume Observation:Noticeable buying volume has appeared near recent lows, indicating possible accumulation. However, confirmation through price action (breakout or bullish reversal signal) is required before entering a trade.As we expected, it broke the support but it was a fake breakout