$TON experienced a long liquidation event as leveraged bullish positions were forced to close, triggering automatic market sells and increasing short-term downside pressure

The $2.0169K long liquidation at $1.70502 highlights a localized leverage flush, removing overextended long exposure and pushing price toward a key support region where buyers will need to step in

EP
1.6900 - 1.7200

TP
TP1 1.7600
TP2 1.8200
TP3 1.9000

SL
1.6400

Liquidity was swept below recent support levels, forcing weaker long positions out of the market and helping reset excessive leverage that had accumulated during previous upward attempts

The liquidation event appears relatively moderate in size, suggesting the move is primarily a leverage reset rather than confirmation of a major bearish trend reversal

Current price action places the 1.6800 - 1.7100 region as a critical demand zone where buyers will need to defend support to prevent additional downside pressure

As long as higher lows begin forming above support, the probability of a recovery toward higher resistance levels remains favorable

A successful reclaim of 1.7600 could attract fresh buying interest and open the path toward the next liquidity targets near 1.8200 and 1.9000

The recent leverage flush has removed weak hands from the market, creating a healthier trading environment and reducing short-term market imbalance

Traders will be closely watching whether $TON can stabilize above current levels and rebuild momentum following this liquidation-driven correction

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