1000BONK Rejects Resistance – Short Setup
🔴 $1000BONK - SHORT
Trade Plan:
Current Price: ~$0.004468
Entry Zone: 0.0043 - 0.0046
SL: 0.0050
TP1: 0.0040
TP2: 0.00355
TP3: 0.0031
The chart displays a strong rejection at the shaded Entry Zone of 0.0043-0.0046 after price tapped into a visible supply zone and descending channel resistance at current price ~$0.004468. A bearish engulfing candle formed with declining volume on the bounce, confirming seller dominance. Market structure remains bearish with consistent lower highs and lower lows. The large glowing red directional arrow emphasizes the high-probability continuation lower. The red SL at 0.0050 sits above the recent swing high for clear invalidation. Green TP levels align with previous demand zones and unfilled liquidity below. This setup offers strong risk-reward as meme momentum has faded at resistance.
Will 1000BONK continue lower toward the 0.00355-0.0031 demand zone?
Click below for trade 👇
DYOR & manage risk!
$1000BONK
🔴 $1000BONK - SHORT
Trade Plan:
Current Price: ~$0.004468
Entry Zone: 0.0043 - 0.0046
SL: 0.0050
TP1: 0.0040
TP2: 0.00355
TP3: 0.0031
The chart displays a strong rejection at the shaded Entry Zone of 0.0043-0.0046 after price tapped into a visible supply zone and descending channel resistance at current price ~$0.004468. A bearish engulfing candle formed with declining volume on the bounce, confirming seller dominance. Market structure remains bearish with consistent lower highs and lower lows. The large glowing red directional arrow emphasizes the high-probability continuation lower. The red SL at 0.0050 sits above the recent swing high for clear invalidation. Green TP levels align with previous demand zones and unfilled liquidity below. This setup offers strong risk-reward as meme momentum has faded at resistance.
Will 1000BONK continue lower toward the 0.00355-0.0031 demand zone?
Click below for trade 👇
DYOR & manage risk!
$1000BONK