You gotta love the technicals on TON
The low around 0.04c to the high around 0.90c - at 61.8% retrace we hit 0.37 ( this is the MAJOR WEEKLY support)
So this is the lowest risk entery point at 0.38 with a stop below 0.35 on a closing basis
We still have a "gap of sorts I think around 0.345" that may or may not be closed intraday
But today I am buying back a few with stops close by - giving a low risk vs reward
The buying depth is encourageing and the selling appears to have subsided, ( for now?)
we have postive divergence on the XJO at 5500 and on the SP500 around 1920 - suggesting a rebound in the market that should help the TON case
The weekly chart still remains above the 50% RSI level thus bullish longer term
This has been a massive shake out - but clears the way for a move higher ( which will be confirmed by a close back ABOVE 0.45c - 0.47c )
Good luck all holders and believers in this one
Still holding and buying a few more!
