‎🔥 $BONK Reversal or Reload? Meme Surge Faces Critical Test

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‎🧠 Market Context:

‎$BONK just pulled back -5% after a parabolic rally — is this just profit-taking or the start of a deeper correction?

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‎📊 Key Chart Levels (1D Chart):

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‎Support Zone: 0.0000320 – 0.0000293 (Near MA(7) and recent breakout retest)

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‎Resistance Zone: 0.0000358 – 0.0000380 (Local top)

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‎Trend Bias: Higher highs/higher lows intact, but first lower daily close could flip sentiment

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‎🔍 Bullish Case:

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‎Price still holding well above MA(25) and MA(99) — trend strength intact

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‎Meme coin narrative alive — BONK volume remains high (6T BONK traded in 24h)

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‎BONK often leads memecoin rotations on Solana

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‎⚠️ Bearish Risk:

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‎First sign of daily rejection after extended run

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‎Overheated rally — +181% in 30 days

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‎If it breaks below 0.0000293, next major support at 0.0000228

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‎🎯 Trade Setup (Futures):

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‎✅ Long Entry: Bounce from 0.0000320 zone with volume and green candle

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‎🛡️ Stop-Loss: Below 0.0000290

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‎🎯 Target 1: 0.0000358

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‎🎯 Target 2: 0.0000380 – 0.0000420 if meme hype returns

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‎‎“Pullbacks in memes often reset greed — but structure tells the real story.”

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‎#BONKBreakout #MemeCoinSeason #CryptoTraders #BinanceFutures #Write2Earn