$BONK USDT BEARISH SETUP – SELLERS REGAIN CONTROL AFTER STRONG REJECTION

BONK is currently trading at 0.00002272, down 1.60%, after facing a sharp rejection from its 0.00002399 high. The price is now below its 7 EMA (0.00002285) and 25 EMA (0.00002310), indicating short-term bearish pressure with potential for further downside.

TRADE SETUP (SHORT):

Entry: 0.00002275 – 0.00002285

Targets (TP):

• TP1: 0.00002230

• TP2: 0.00002200

Stop Loss (SL): 0.00002320

MARKET OUTLOOK:

BONK shows clear lower highs and failure to hold above EMAs, suggesting that unless it reclaims 0.00002300, bears may continue to push the price down towards the 0.00002200 support zone in the coming hours.

Risk Management:

Use strict SL with microcap tokens and adjust lot sizing to account for high volatility and rapid wicks.

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