TONUSDT: A Fresh Start

After a challenging period with two unsuccessful short positions, I’m now entering a new phase with a long position in TONUSDT. Here’s why I see this as a promising opportunity.

Market Context: The Oversold Thesis
We seem to be back at the point where all indicators are flagging TON as oversold. This creates a potential entry point for a rebound. The market activity surrounding TRUMP coin might be partly responsible for this situation.

It seems that many traders are scrambling to buy TRUMP coin on Solana, selling off other assets—potentially including TON—in the process. While this aggressive push toward TRUMP coin has driven its market cap to an astonishing $8 billion, I’m not convinced this is a sustainable strategy. Such a frenzy often leaves room for other undervalued assets like TON to shine.

Why TON Looks Promising
Despite the wild market dynamics of yesterday, TON stands out with promising indicators signaling potential for growth. Its oversold conditions combined with strong fundamentals provide a compelling case for a rebound.

Position Details: Turning to Longs
After the pain of two short positions, it’s refreshing to find an opportunity to go long. TONUSDT offers a chance to recalibrate and capitalize on market mispricing caused by speculative hype elsewhere.

While the crypto market remains volatile and unpredictable, this position feels like a calculated risk backed by data and market context.

Duration:
This is a short-term trade.

Target:
The goal is to achieve 100% profit. The entry is made on Binance with 25x leverage, using a $30 margin, resulting in a total position size of ±$700.

Risk:
This trade is classified as medium risk in crypto.