Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionTON’s correction retested a key value area that could offer a strong rebound
On the daily chart, the price rejection around the supply zone at $2.6 set TON into a correction. At press time, TON had retested the demand zone and the high-value node of the Fixed Range Value Profile . The FRPV’s point of control , red line, of $2.3 had the highest traded volume and could offer a strong recovery if pullback retests it.
A break below the demand zone level of $2.1183 will invalidate the aforementioned bullish thesis. Such a downswing could offer shorting opportunity at $1.9518.
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