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$TON (1h) - Bearish Pullback Short
Bias: Short
Entry (Zone): 1.9380 - 1.9520
Targets:
TP1: 1.8950
TP2: 1.8620
TP3: 1.8070
Stop Loss: 2.0180
Why this Setup:
I’m leaning short because the chart shows a sharp rejection from the recent spike high and price is now losing momentum below the 1.95 area. I want a pullback into resistance for continuation lower toward the prior breakdown zones, with the invalidation sitting above the bounce high.