Trade Setup: BONK Long @ 0.0000237
šÆ Entry: 0.0000237
š Stop-Loss: ~ 0.0000225 (just under a strong support zone)
š Primary Target: ~ 0.0000248 (resistance around 38.2% Fibonacci + recent rejection zone)
š Secondary Target: ~ 0.0000270-0.0000300 if breakout happens with strong volume
ā ļø Risk: If price drops below ~0.0000225, likely to test lower support (~0.0000221 or less)
Probability View:
ā ⢠Thereās a solid chance (~60-70%) weāll see price climb toward 0.0000248 if support holds and volume returns.
ā ⢠A breakout above that resistance opens up more upside (~0.000027+) but that is more speculative (~30-40%).
Why This Setup Looks Good:
ā ā ā ⢠Support cluster below entry gives buffer.
ā ā ā ⢠Resistance just above means reward is good vs risk (RR ā 2-3x if using tight stop).
ā ā ā ⢠Broader indicators (Fibonacci, previous resistance, market sentiment) lining up.
Watch-outs: Overbought signs at resistance, weak volume = possible rejection. Also macro / BTC/ETH movements likely to impact.