Let's have a look at how the price of TON is moving.
Right now, the price is testing the resistance level it hit at $7.637. The first rise in the price came from the volume POC level at $2.117, which led to a rise of more than 270%. After that, the price corrected by 40%.
There might be a deeper decline in this move. This could be a good time to buy the asset. During the decline, we can use the 200-day moving average as a reference point to start forming a position.
Right now, the price is testing the resistance level it hit at $7.637. The first rise in the price came from the volume POC level at $2.117, which led to a rise of more than 270%. After that, the price corrected by 40%.
There might be a deeper decline in this move. This could be a good time to buy the asset. During the decline, we can use the 200-day moving average as a reference point to start forming a position.