$TON saw a $75.2K$ short liquidation at $1.691$, indicating a liquidity grab above local highs. Price failed to hold above that level, suggesting the move was engineered to clear shorts rather than start a sustained rally.
EP (Entry Price): $1.68$ – $1.70$
TP1: $1.62$
TP2: $1.55$
TP3: $1.48$
SL: $1.78$
The prevailing trend is still bearish on higher timeframes despite short-term spikes. Momentum after the liquidation event has weakened, confirming a fake breakout. With structure remaining below key resistance, price is likely to rotate back into lower liquidity zones where real demand may appear.
TON
1.35
+0.59%