🔥TON short-term trading trend
Token name: TON
Current price: $5.35
📊 Market sentiment analysis
Recent news shows that the overall cryptocurrency market sentiment is negative, especially the decline of Bitcoin and Ethereum has affected the market.
The news on October 1 mentioned that TON received positive attention due to Telegram airdrops, but the overall market sentiment is still affected by the broader market.
The news sentiment in the past few days has ranged from positive to neutral to negative, showing that the market has mixed views on TON.
📈 Technical analysis
The RSI indicator is currently 54.30, close to the neutral area, showing that the market is not obviously overbought or oversold.
The upper track of the Bollinger Band is 5.39, and the lower track is 5.24. The current price is close to the middle track, showing that the price fluctuation is within the normal range.
The MACD indicator shows a positive value, and the MACD line is above the signal line, indicating that there may be an upward trend in the short term.
In the DMI indicator, the ADX is 18.55, showing that the market trend is not strong, and the PDI is slightly higher than the MDI, indicating that buyers have a slight advantage.
The KDJ indicator shows that the K value is lower than the D value and the J value is around 50, indicating that there may be adjustments in the short term.
The current price is close to the pivot point of 5.348, showing that the market fluctuates between key support and resistance levels.
💡 Recommendations and trading strategies
It is recommended to hold long positions in the short term, as technical indicators show that there may be a slight upward trend.
The trading cycle is recommended to be short-term, as market sentiment and technical indicators show short-term fluctuations.
Due to unstable market sentiment, it is recommended to set a take profit near 5.37 and a stop loss near 5.32.
The data shows that the market trend is not strong, so it is recommended to operate cautiously and pay close attention to market changes. $TON
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Technical analysis is based on the 1-hour candlestick chart indicator, and users who like short-term trading can refer to it.
Once again, I would like to remind you that the current market is volatile, so please set profit and loss targets. The analysis is for reference only, DYOR!