Hey brothers, this is Lao Wu.

Today’s market situation has everyone in the group starting to get restless again, so let’s take the opportunity to talk about the hot topic, TON.

Recently, TON has indeed been impressive, with this violent surge, directly blowing out many short positions. But I have to pour some cold water on everyone; the current market sentiment is a bit overheated.
Let’s talk about the chart: Lao Wu’s psychological price level
The current price is hovering around $2.40. Look at the chart I analyzed earlier, $2.26 is the current “life and death line.” If this pullback can hold steady at $2.26, then we can still look beyond $3.30; if it can’t hold, a retreat to the $2.00 mark is just around the corner.
Also look at the RSI indicator, which has shot above 90. What does this mean? It indicates that now it’s all emotion pushing, technically it’s already overbought to an absurd degree. A word of advice from Lao Wu: don’t chase the rally at this level, it’s easy to get caught at the top and blow in the wind.

Why is Lao Wu still watching it?
Although there are short-term risks, TON’s fundamentals have changed.
The “big daddy” is out: Telegram’s official now directly supports it, becoming the biggest validator. This means that in the future, Telegram’s 950 million users will be TON’s backyard.
The ecosystem has fresh blood: whether it’s the upgrade of the payment system or the ability to connect directly to Bitcoin in the future, these are solid positive signals. It’s no longer just a hype coin; there are real application scenarios supporting it.

Brothers holding assets: at this level, it’s wise to take partial profits in batches and lock in gains—never a mistake.
Brothers who missed the boat: stay steady, wait for a pullback to the $2.20 - $2.26 range. If it can consolidate sideways and lower that terrifying RSI, that would be the best second entry point.

Lao Wu’s summary:

Think big, but step carefully. TON indeed has the potential to be this round’s dark horse, but don’t get caught in the pullback before dawn.

Finally, as always: crypto markets are risky, enter cautiously. Lao Wu is just sharing personal views, not investment advice.
What do you guys think? Let’s continue the discussion in the comments! #Gate广场五月交易分享 $TON