TON (BTC) Breakout Presents Opportunity to Explore Long Positions

TON has already executed a clean breakout followed by a successful retest, presenting a solid opportunity to explore long positions. Although the structure remains bullish, current price action is unfolding at a sluggish pace.

Coin Name: $TON

Position: LONG

Entry Price: 2.90

TON has already executed a clean breakout followed by a successful retest, presenting a solid opportunity to explore long positions. Although the structure remains bullish, current price action is unfolding at a sluggish pace.

On the 12-hour timeframe, the Binance liquidation heatmap (via CoinGlass) showcases substantial downside liquidity. This suggests TON may initially sweep lower to tap into that liquidity before resuming its upward trajectory. Such a move aligns with typical market dynamics, where liquidity is often collected prior to the true directional push.

This chart shows a descending triangle pattern forming on BTC dominance (1h). Price is making lower highs while testing a horizontal support. A breakdown below support could signal a further decline, suggesting potential strength in altcoins if dominance drops.

Targets:

1st TP 3.00

2nd TP 3.10

3rd TP 3.20

4th TP 3.30Using 10x isolated leverage

Stop-lose: 2.75

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#TON