Technical analysis by Ikeyhan about Symbol TON: Sell recommendation (9/2/2025)

🔎 **Chart Context** * Pair: **TON/USDT** * Timeframe: **1H (Intraday)** * Current price: **3.161** * The market has been **range-bound** between **3.08 – 3.20**, with failed breakout attempts toward **3.286**. * The chart projection suggests potential **downside continuation** after repeated rejections at resistance. --- ### 📊 **Key Observations** 1. **Market Structure** * Recent swing high: **3.286**, sharp rejection. * Lower highs forming: **3.208 → 3.204 → 3.188**, indicating **bearish pressure**. * Supports tested multiple times at **3.093 – 3.111**, weakening with each touch. 2. **Support Zones** * **3.093 – 3.111**: Current intraday support, repeatedly tested. * **3.021 – 3.035**: Secondary support, next liquidity pool. * **2.880 – 2.920**: Larger demand block (highlighted gray zone), key downside target if breakdown occurs. 3. **Resistance Zones** * **3.180 – 3.200**: Immediate resistance, strong supply zone. * **3.240 – 3.286**: High resistance cluster, capped prior rallies. 4. **Moving Averages** * Price is trading **below intraday EMAs**, confirming **bearish bias**. * The EMAs are acting as dynamic resistance across **3.18 – 3.20 zone**. --- ### 📈 **Bullish Scenario (Less Likely / Relief Rally)** * TON defends **3.093 support** once more. * Relief rally path: * **TP1:** 3.180 * **TP2:** 3.200 (intraday supply) * Only a sustained close above **3.200–3.240** would open the way for **3.286 retest**. --- ### 📉 **Bearish Scenario (Higher Probability)** * Repeated failures at **3.188–3.200 resistance** combined with EMA pressure suggest further downside. * Breakdown path: * Break below **3.093** → sweep **3.021 – 3.035** * Continuation target: **2.880 – 2.920 demand zone** * This aligns with the projected chart path showing a dip toward the **2.9 region**. --- ### ⚡ **Trading Plan** * **Short Setup (Preferred):** * Entry: Rejection from 3.180 – 3.200 supply zone. * TP1: 3.093 * TP2: 3.021 – 3.035 * TP3: 2.880 – 2.920 * Stop: Above 3.240 * **Long Setup (Countertrend):** * Entry: Bounce confirmation at 3.093 – 3.021 zone. * TP: 3.180 – 3.200 * Stop: Below 3.000