$BONK

🐶 BONK: Falling Wedge Near Breakdown – Bounce or Bear Deepens?

📌 Price: ~$0.0000137 (recently broke support at $0.0000145–$0.0000140)

📉 Sentiment: Mixed—whales are trimming positions, yet on-chain inflows and wedge structure hint at a decisive move

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🔍 Key On-Chain & Technical Drivers

Whales Selling: Smart-money and whales dropped ~15% of holdings; exchange balances back on the rise → bearish signal

Support Breach: Price slipped below the critical $0.0000145 level → bearish bias until recovery

Inflows & Volume: Despite weakness, $14 M in net spot inflows and rising OI/derivatives suggest accumulation interest

Pattern Setup: Forming a bearish pennant post-double-top—could lead to a deeper drop if support fails

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🎯 Trade Plan

Strategy Entry Trigger Targets Stop-Loss

🟢 Bounce Buy near $0.0000125–$0.0000130 (wedge base) TP1: $0.0000145 → TP2: $0.0000165 → TP3: $0.000021 < $0.00001225

🔼 Breakout Close above $0.0000145 with 2× volume Same targets < $0.0000140

🔻 Breakdown Sell on breakdown below $0.0000125 with volume TP1: $0.0000118 → TP2: $0.0000110 → TP3: $0.0000100 > $0.0000130

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⚡ Why This Setup Works

Whale flows & support break set the tone for next move

On-chain inflows and derivatives interest hint at a possible rebound if bearish pressure eases

Technical structure (pennant + wedge) signals either quick recovery or sharp drop depending on volume-confirmed move

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🛡 Pro Trader Tips

1. Watch 2× volume for entry validation.

2. Scale out at each TP to lock gains.

3. Use tight stops near support/break zones.

4. Track whale wallet changes & exchange inflow data for live direction signals.

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