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$TON
Massive rejection from the top suggests the vertical move has finally run out of gas.
SHORT NOW $TON
Entry: 2.42 – 2.45
SL: 2.75
TP1: 2.18
TP2: 1.95
TP3: 1.72
Price action is showing signs of exhaustion after an overextended push toward the recent highs.
The sharp rejection candle indicates that smart money is starting to distribute to late buyers.
Momentum is shifting downward as we break below short-term support levels with increasing sell volume. $TON