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Technical analysis by EhsanFibo about Symbol TON: Sell recommendation (22 hour ago)

https://sahmeto.com/message/3997548
EhsanFibo
EhsanFibo
Rank: 721
2.5

The recent impulsive drop broke a key support zone

Sell
Price at Publish Time:
$1.44
Sell،Technical،EhsanFibo

Price is trading within a clear bearish market structure on the 4H timeframe, with consecutive lower highs and lower lows confirming seller control. The recent impulsive drop broke a key support zone, which is now acting as resistance. The current pullback into the marked supply area represents a classic sell-on-retest scenario. Lack of strong bullish momentum and weak follow-through from buyers suggest that this move is corrective rather than a trend reversal. RSI remains below the midline, indicating bearish momentum dominance and no clear bullish divergence. This supports continuation to the downside. The sell position targets the next demand/liquidity zone below, while the stop loss is placed above the resistance zone to invalidate the bearish structure. This setup offers a favorable risk-to-reward aligned with

Source Message: TradingView
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