$TON Signal: Overbought at high levels, waiting for a pullback to go long

$TON RSI(14) soared to 92.5, 1H momentum MACD histogram narrows, buying pressure diminishes. The 4H upper Bollinger Band at 1.6691 has been broken, but the current price is 1.7323, with an excessive deviation. Depth order book sell pressure -2.66%, funding rate only 0.0006%, no short squeeze conditions.
🎯Direction: Watch (Pending orders)
⚡Entry/Pending order: 1.7236
🛑Stop loss: 1.3764
🚀Target 1: 1.7313
🚀Target 2: 1.7382
🛡️Trade management: - Place order at 1.7236, if the price falls back to trigger it, reduce position by 50% after reaching target 1, move stop loss to break-even. Target 2 is very small, quick take profit needed, do not be greedy.
Current risk-reward ratio is very low, only for grabbing the last leftovers, keep position light. 1H has two consecutive bearish candles with volume, short-term selling pressure is accumulating. If unable to hold above 1.73, support at 1.67 will be tested.
Check real-time market 👇 $TON
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