Technical analysis by Mentor_Michael03 about Symbol TON: Sell recommendation (7/23/2025)
Market Context: TONUSDT recently showed strong bullish momentum, breaking multiple structure levels (noted as BOS – Break of Structure), indicating a clear uptrend. However, the most recent price action reveals a sharp rejection from the resistance zone around 3.55–3.60, marking a significant trend reversal. Key Levels: Resistance: 3.55 – 3.60 Price tested this zone and was strongly rejected, forming a potential top. Demand Zone: 2.88 – 2.99 This zone provided previous accumulation and serves as a probable liquidity area and downside target. Target: 2.989 The chart marks this as the near-term bearish objective, aligning with the volume node and prior demand. Technical Signals: Multiple BOS (Break of Structure): Confirmed bullish structure earlier, but the latest BOS downward indicates a possible trend reversal. Volume Profile (VRVP): Shows high volume nodes around 3.00, suggesting strong market interest at lower levels — acting as a magnet for price. Bearish Market Structure: After the peak, the lower highs and lower lows pattern reflects short-term bearish dominance. Liquidity Grab & Selloff: The spike above resistance likely induced liquidity before a rapid selloff — classic distribution behavior. Outlook: If the market fails to reclaim levels above 3.35, a bearish continuation toward 2.989 remains likely. The demand zone (2.88–2.99) is a critical area where buyers may re-enter — look for reversal signals here. Conclusion: TONUSDT has shifted from bullish to bearish in the short term. A clean rejection from resistance and strong structural breaks suggest a move toward the 2.989 demand zone. Traders should watch for confirmation of support or continuation upon reaching this level.TONUSDT Trade Update Our TON chart successfully hit half of the projected target, validating the technical setup and early entry strategy. Price action is respecting key levels, and we're now monitoring closely for continuation or reversal signals to manage the remaining position accordingly.
