Based on the data and information in the image for the pair $BONK /$USDT , the following can be observed: General Trend
The current trend is downward in the short and medium term, as evidenced by:
The price is below all moving averages EMA 10, EMA 25, EMA 50.
The blue downward trend line is pressing the price downward.
The decline over 24 hours has reached about -9.15%.
Nearby support: 0.00002201
If the price breaks this level with a daily candle close, it may drop to the level of 0.00001707.
Nearby resistance: 0.00002695
Breaking this level may push the price to the level of 0.00003189. Short-term positive scenario:
If the price maintains support at 0.00002201 and rebounds with an increase in trading volume, it could rise to test 0.00002695.
If it breaks support at 0.00002201, we may witness a drop towards 0.00001707. Currently, the currency is in a downward trend with strong selling pressure.
The safe decision is to wait for reversal signals to appear (RSI rising above 40 with a breakout of EMA10) or confirmation of a bounce from support.
Entering now is considered high risk unless aimed at short speculation with a stop loss below 0.00002201
