$BONK 2Hr Chart – Wave 5 Breakout 🚀

Price just wrapped up a Elliott Wave (1–2–3–4) formation and is now entering the critical Wave (5) zone, where price discovery can get explosive 💥

Wave Structure Analysis

✅ Wave (1) to (3) formed a clean impulsive leg — strong volume with healthy corrections.

✅ Wave (4) pulled back in a controlled manner, perfectly retracing into Fibonacci zones, setting the stage for Wave (5).

Now we're watching Wave (5) unfold, and early signs are promising.

Projected Targets for Wave (5)

🔼 1.036 extension: 0.000020028 – key resistance level where short-term traders may start trimming.

🔼 1.618 extension: 0.000022232 – extended Wave 5 target if momentum accelerates (typically happens in meme-driven rallies).

If BONK dips, these are your high-confluence bounce zones:

🟡 0.382 Fib: 0.000018528

🟣 0.5 Fib: 0.000018042

🔴 0.618 Fib: 0.000017600 – must hold zone to keep bullish momentum intact.

1. Bullish Scenario - If price holds above the 0.382–0.5 zone and volume spikes near 0.0000200, expect a blow-off move to 0.0000222.

Meme coin rallies often overshoot — this zone aligns with historical #BONK pump structures.

2. Bearish Scenario - If 0.000017600 breaks with volume, Wave (5) may truncate early. Price could revisit the base of Wave (4), stalling the impulse.

BONK’s recent structure mirrors past meme coin breakouts — strong early impulse, controlled corrections, and then a FOMO-fueled Wave 5 rally. This is typically when retail joins late — and volatility surges.

Perfect setup for short-term scalps or layered TP zones. Risk-reward still favorable as long as 0.0000176 holds.

📣 Stay sharp. BONK could either go full beast mode or offer a juicy retracement entry before launch.