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TON Strategy Company approved a $250 million stock buyback plan.
A company (NASDAQ: TONX) announced that its board of directors has unanimously approved a stock repurchase plan, authorizing the company to repurchase up to $250 million worth of common stock.
The 1-hour chart shows a main trend of fluctuating downward, with low points continuously declining, indicating a weak short-term pattern.
1-hour MACD: DIF and DEA are diverging downward, with green bars synchronously expanding, indicating that short positions' momentum is continuously strengthening.
Daily chart level: Although it remains above the zero axis, the long positions' momentum has clearly weakened.
In summary, in the afternoon, one can follow short-term rebound opportunities, but attention should be paid to the constraints on rebound height imposed by the 1-hour short positions trend.
Trading suggestions
BTC: Buy at 110500-111000,
Target at 112300,
Stop loss at 110200.
ETH: Buy at 4370-4400,
Target at 4490,
Stop loss at 4350.