$BONK Coin Market Update

Liquidation Alert:

$52.2K in long positions were liquidated at $0.0145, indicating strong selling pressure and a possible shift in market sentiment.

Market Overview:

$BONK has experienced a decline following the liquidation of long positions. The price is now testing important support levels, and the upcoming moves will depend on whether these levels hold or if further declines follow.

Key Levels to Watch:

Resistance: $0.0250 – $0.0260 (Breaking above this range could signal a potential recovery)
Support: $0.0235 – $0.0230 (Key support area; a break below could open the door for further downside)

Trade Strategy:

Buy Zone: $0.0235 – $0.0245 (If price stabilizes above support and shows signs of a bounce)
Sell Zone: $0.0250 – $0.0260 (If price faces resistance and struggles to move higher)
Target: $0.0270+ (If bullish momentum returns and price breaks resistance)

Market Sentiment:

$BONK is under pressure after the liquidation event. If the support zone near $0.0235 holds, there could be a chance for a recovery. A break below this support level may lead to further downside.

Monitor the market closely and manage your risk accordingly.

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