$BONK Long Flush: $1.08K Cleared at $0.02316 – Testing Support for Reversal?
A $1.08K long pressure just got flushed at $0.02316, showing a sharp unwind.
Now, the price sits near a crucial support level, potentially setting up a bounce if bulls step in to reclaim the zone.
📉 TRADE SETUP – Bounce or Breakdown?
• Entry Zone: $0.0230 – $0.0233 (watch for confirmation of support hold)
• 🎯 TP1: $0.0240
• 🎯 TP2: $0.0250
• 🎯 TP3: $0.0260
• 🛑 SL: Below $0.0225 (control risk under structure)
Market Insight:
The long flush cleared out some leveraged positions, leaving room for a potential reversal if buying pressure returns.
$0.0230 is a key level to watch—if bulls defend it, a quick recovery could follow.
Pro Tip:
Look for a 15-minute close above $0.0233 with rising volume or a bullish candlestick reversal for a stronger confirmation of the bounce.
$BONK just wiped out $1.08K in longs—momentum could shift if the support level holds strong.