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🚨 TON short-term caution needed! 🚨
Just took a quick look at the trend, it dropped 7.66%, almost touching the 24-hour low 😨
The price is still around 2.40, but it’s clearly unable to go up, with the upper band at 2.466 pressing down hard.
Volume has increased significantly, but the result is a volume-driven decline—indicating everyone is fleeing, selling pressure is heavy 💨
Don’t be fooled by the MACD still being red; that’s all “history,” as the price has already fallen first.
Short-term support is at 2.39, and below that is 2.17.
If 2.39 can’t hold, it’s likely to test 2.17 or even lower.
One sentence: rebound is weak, those going long should hold back, bears are testing the waters. 👇
$TON