$BONK
USDT BEARISH MOVE EXPECTED AS SELL PRESSURE BUILDS
$BONKUSDT is currently trading at 0.00002141, showing a significant downtrend after repeated rejections from upper resistance levels. The recent hourly candles indicate consistent selling pressure with minor relief bounces.
🔑 Key Levels:
Resistance: 0.00002230 – 0.00002260 (strong supply zone)
Support: 0.00002080 (near-term) and deeper support around 0.00002050
📊 Trade Setup (Short Entry):
Entry Zone: 0.00002145 – 0.00002160
Targets (TP):
TP1: 0.00002100
TP2: 0.00002080
TP3: 0.00002050
Stop Loss (SL): Above 0.00002200
📉 Market Outlook:
BONK remains under bearish momentum on the 1H timeframe, forming lower highs and lower lows. Unless it reclaims the 0.00002230 resistance with strong volume, downside continuation remains likely.
⚠️ Risk Management:
Use calculated position sizing, avoid over-leverage, and always trade with a pre-defined SL to protect capital in volatile meme tokens like BONK.
buy and trade here on $BONK