📉 Market Insight:

$1000BONK ONK has broken below its 4H moving averages with growing bearish pressure. Current price action is testing key support, with volume declining from recent peaks. The MACD indicates momentum remains negative, while the Bollinger Bands suggest possible continuation lower if support fails.

📥 Entry Zone:

0.03280 – 0.03320

This zone is near recent lows and could offer a short-term bounce, but also poses breakdown risk if breached.

🎯 Targets:

Target 1: 0.03420 (near 7 EMA and prior bounce area)

Target 2: 0.03520 (25 MA / mid-range resistance)

Target 3: 0.03625 (strong resistance zone + volume node)

🛑 Stop Loss:

Below 0.03210

A break and hold below this level invalidates the setup, exposing further downside.

📊 Key Levels:

Support: 0.03280 / 0.03210

Resistance: 0.03420 / 0.03520 / 0.03625

Pivot: 0.03399 (7 MA)

💡 Pro Tip:

Watch volume behavior near 0.03300. A strong bounce with rising volume can justify a scalping long. However, a low-volume drift may favor short continuation.

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