📊 Trade Setup for
$BONK /USDT Perps Contract:
$BONK price bounced from 0.002252 to 0.003668. It is currently consolidating around 0.003255 (+4.16% for 24h). RSI(6) is at 52.1 - neutral, ready to move higher.
🎯 Trade Setup:
Entry: 0.003200 – 003280 (the current price is above MA25)
🟢 TP1: 0.003427 (+5%, 0.00321.05)
🟢 TP2: 0.003668 (+13%), the previous local high
🟢 TP3: 0.003850 (+18%), the next level
🔴 SL: 0.002900 (below MA(99) and the recent local low, -11%)
The price is consolidating between two MAs - MA(7) and MA(25), after a bullish leg. As long as the price holds above 0.003116, the setup remains valid, with a possibility to exit at higher levels. A close below MA(99) would negate the trade setup.
📉 Perps trading/leverage can be extremely volatile. Do your own research and trade responsibly. This is neither financial advice nor an endorsement of any kind! 🧠
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