🚨 $1000BONK Market Watch 🚨
$BONK has bounced cleanly off the 0.0260 support on both the 15-minute and 1-hour charts, showing a sharp wick followed by a quick recovery. On the higher timeframes, the pair remains in consolidation after July’s explosive move—though momentum has clearly cooled off.
📊 Key Levels to Watch:
🔹 Support: 0.0260 → 0.0240
🔹 Resistance: 0.0275 → 0.0290 → 0.0320
In the short term, a relief move toward 0.0275 seems likely—but sellers are still in control above that level.
For Scalpers: Consider long positions on the bounce with tight stop-losses.
For Swing Traders: Look for short opportunities if price rejects cleanly around 0.0275.
⚠️ If 0.0260 breaks, be ready for a quick drop toward 0.0240.
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