Summary

$BONK currently trading around 0.00002160; short-term bias is neutral to bearish if support at 0.00002088 is not held, bullish only when confirming breakout with volume.

  • Recently, the RSI on the 4-hour chart is low at about 37, volume has decreased compared to previous swings — a breakout needs follow-through volume to be reliable.

  • Monitor the 4-hour close above 0.00002314 along with volume to see the potential to rise to 0.00002460 and 0.00002831.

Analysis

Short-term bias is neutral to bearish. Support at 0.00002088. Resistance at 0.00002314, then 0.00002460 and the higher supply zone above 0.00002831. The 4-hour RSI around ~37 suggests a tendency to retreat to lower levels, and volume has decreased on the most recent candles, so any breakout needs confirmation volume. On-chain/sentiment note: monitor transfers to CEX or whale movements as they can quickly reverse.

Strategy

  • Entry Breakout: buy cautiously when the 4-hour closes above 0.00002314 with significant volume increase.

  • Entry Dip: accumulate cautiously if there is a pullback to 0.00002088 and a rejection candle appears along with buying volume.

  • Mandatory stop-loss: 0.00001950.

  • TP1: 0.00002460. TP2: 0.00002831 if momentum is strong and the breakout has follow-through.

  • Exit triggers: large CEX inflows, concentrated whale selling, or failure to hold support at 0.00002088.