$BONK /USDT SHORT TRADE SETUP
WEAKNESS AFTER SPIKE TO RESISTANCE
Market Structure
: BONK surged to 0.00002610 but faced
sharp rejection. Multiple red candles
followed, forming lower highs and indicating
potential trend reversal.
ENTRY LEVEL:
Short between 0.00002560 – 0.00002590
after confirming rejection at local resistance.
STOP LOSS:
Set SL above 0.00002630 to manage risk.
TARGET POINTS:
• TP1: 0.00002500
• TP2: 0.00002440
• TP3: 0.00002380
TRADE ANALYSIS:
BONK/USDT printed a quick rally but failed to
hold above 0.00002600. The fading
momentum and repeated rejections suggest
sellers are stepping in. This offers a
short-term opportunity for countertrend
traders on retracement.
Risk Management:
Wait for a weak bounce to enter. Keep
position size moderate and SL tight due to
BONK's high volatility.