$1000BONK /USDT – Triangle Formation Ahead of Breakout? 🧐
$1000BONK is currently consolidating inside a Symmetrical Triangle pattern on the 1H chart. This pattern suggests a strong move is coming – but the direction depends on the breakout! 🔍📊
📍 Support Line: Holding near $0.0330
📍 Resistance Line: Tightening near $0.0355
📉 Current Price: $0.03467
📈 Volume: Compressing = Breakout Imminent ⚡
🔍 Technical Analysis:
🔸 Triangle is forming after a downtrend = Possible bullish reversal
🔸 Price is coiling with lower highs and higher lows
🔸 Volume decreasing – classic sign of breakout build-up 🔥
🔸 Breakout above $0.0355 can push price towards $0.0385+
📊 Trade Plan
💥 Entry: On breakout above $0.0355
🛑 SL: Below $0.0330
🎯 TP1: $0.0370
🎯 TP2: $0.0390
🎯 TP3: $0.0400
🧠 My Note:
I'm currently watching the triangle closely.
If price breaks above the resistance, momentum can take $BONK flying again.
However, if it breaks down, we may retest $0.0325 – stay cautious & wait for confirmation! ⚠️
💬 What’s your move on BONK?
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