TON was suuuuper extended up at its highs. RSI was well and truly in nosebleed territory as well. Would not have gone near it at those prices. Needed to come down. Coming down violently so could be a "catching a falling knife" scenario. It has crashed through its 13 daily SMA which has been a line it has ridden fairly consistently during its run up.
Perhaps a bounce around 50 on its 10 Week MA?
