$BONK /USDT 4H Trade Setup
$BONK is currently trading at 0.00003516, down 4.09% on the day, and sitting near intraday support. The price has dropped below the 7 and 25-period moving averages on the 4-hour chart but remains well above the long-term 99-period MA at 0.00003099, indicating that the broader trend is still intact. However, elevated volume suggests increasing selling pressure.
Entry Zone:
0.00003250 – 0.00003420
(This is a short-term support zone aligned with key Fibonacci levels and previous high-volume buying interest.)
Targets:
Target 1: 0.00003600
Target 2: 0.00003830
Target 3: 0.00004075 (recent 24-hour high)
Stop Loss:
0.00002980
(Placed below the major structural low and long-term moving average.)
Key Levels:
Resistance: 0.00003632 / 0.00003834 / 0.00004075
Support: 0.00003416 / 0.00003215 / 0.00002981
Pivot Level: 0.00003550
Trade Insight:
Look for a bullish reversal pattern or a strong bounce with volume near 0.00003250. If the price reclaims 0.00003600 with momentum, it could trigger a quick move toward the higher targets. Due to volatility, consider gradually building the position and adjusting risk accordingly.