$BONK /USDT SHOWING BULLISH CONSOLIDATION – BREAKOUT INCOMING!
Current Price: $0.00002221
24h Change: +4.08%
24h Volume: 6.97T BONK / 148.11M USDT
TECHNICAL ANALYSIS
BONK/USDT is currently consolidating in a tight range just below short-term resistance, forming a potential bullish pennant on the 1H/4H charts — a continuation pattern indicating strong breakout potential. Momentum remains positive after bouncing off the 24h low.
KEY LEVELS
Immediate Resistance:
$0.00002320 – Short-term resistance
$0.00002340 – Breakout confirmation level
Support Levels:
$0.00002200 – Minor support
$0.00002160 – Strong structural support
$0.00001975 – 24h low and major demand zone
TRADE SETUP: LONG ENTRY
Entry Zone: $0.00002210 – $0.00002230 (inside consolidation range)
Targets:
TP1: $0.00002320
TP2: $0.00002380
TP3: $0.00002500
Stop Loss: $0.00002160 – below recent support
RISK MANAGEMENT
Maintain 1:2 or higher Risk/Reward
Risk only 1-2% of your total capital
Use position sizing aligned with SL distance
BONK is coiling up — watch for volume spike to confirm the breakout! Stay sharp!
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