$BONK
Here's a support and resistance analysis, along with suggested take-profit and stop-loss levels for BONK/USDT based on the current chart.
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Key Levels
Resistance Levels
1. 0.00002104 – This is the 24h high, and the next immediate resistance. A break above this could trigger stronger buying.
2. 0.00002200 (approx) – Psychological resistance (round number) and near a previous rejection zone on many meme coins.
Support Levels
1. 0.00001909 – This is the 24h low and acts as short-term support.
2. 0.00001850 (approx) – Previous consolidation zone; if price breaks 0.00001909, this might hold.
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Suggested Strategy (Short-Term Swing Trade)
Entry:
If you haven't entered yet: wait for a small dip (around 0.00001950–0.00001960) for a better risk-reward.
Take-Profit (TP):
TP1: 0.00002100 (secure partial profits here)
TP2: 0.00002200 (next major resistance)
Stop-Loss (SL):
SL1 (tight): 0.00001900 (just below support)
SL2 (looser): 0.00001850 (if you're giving the trade more room)
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Risk-Reward Note
If you enter at 0.00001960 with TP at 0.00002200 and SL at 0.00001900:
Reward: 0.00000240
Risk: 0.00000060
R:R Ratio: 4:1 (good setup)