💥$BONK /USDT Testing Resistance After +19.95% Surge!🔥
🌟Current Price: 0.00001882 USDT (+19.95%)
🌟24-Hour High: 0.00002100 USDT (Critical resistance zone).
🌟24-Hour Low: 0.00001565 USDT (Strong support area).
Volume (24H):
🌟BONK: 7.41 Trillion
🌟USDT: 139.52 Million
⚡BONK is showcasing remarkable bullish momentum, nearing its 24-hour high, and trading volume reflects increased interest from buyers.
⚡Technical Indicators 🧩
1. Bollinger Bands: Likely expanding, suggesting heightened market volatility and potential breakout scenarios.
2. RSI: Nearing overbought territory—caution is advised as reversal signals may emerge.
3. MACD: Shows bullish momentum; monitor for possible divergence near key resistance levels.
4. Yellow Resistance Line: Represents a significant level at 0.00002100 USDT, pivotal for further price action.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Breakout Continuation
👉Entry Point: Above 0.00001900 USDT (confirmed breakout with increasing volume).
👇Take-Profit Targets:
🎯TP1 (1:1): 0.00002000 USDT
🎯TP2 (1:2): 0.00002100 USDT
💢Stop Loss: Below 0.00001850 USDT
🎖️Bearish Scenario
Type: Pullback Trade
👉Entry Point: Below 0.00001850 USDT (confirmed rejection at resistance).
👇Take-Profit Targets:
🎯TP1 (1:1): 0.00001800 USDT
🎯TP2 (1:2): 0.00001750 USDT
💢Stop Loss: Above 0.00001900 USDT
⚡Risk Management Strategy ⚠️
For Bullish Setup, adjust Stop Loss to Breakeven after hitting TP1 (0.00002000 USDT) and secure partial profits (~50%).
For Bearish Setup, lock in gains after reaching TP1 (0.00001800 USDT) by adjusting Stop Loss to Entry.
⚡Key Observations ✍️
1. Watch for volume confirmation to validate breakout or pullback moves and reduce risk exposure.
2. Monitor the 0.00002100 USDT resistance zone—its breach could signal extended bullish momentum or possible consolidation.
Disclaimer: #DYOR*
Buy Or Trade With Me On $BONK