📉 BONK/USDT – Bearish Continuation Risk!
🔹 Current Price: $0.00001377 (+11.23%)
🔹 Key Levels: $0.00001399 (Resistance) – $0.00001203 (Support, 24h Low)
🔹 Indicators:
RSI (52.01) → Neutral, indicating fading bullish momentum.
SMA (54.46) → Declining, showing weakening upward momentum.
Order Book → Balanced but slightly bearish (Buy: 49.23%, Sell: 50.77%).
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🚨 Why Bearish?
❌ Long-Term Downtrend – -14.47% (7D), -43.75% (30D), -69.61% (90D) → Strong bearish pressure.
❌ RSI/SMA Declines – RSI dropping from 59 to 52 and SMA weakening, signaling fading momentum.
❌ Resistance at $0.00001399 – Struggling to break higher, risk of reversal.
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📊 Trade Plan
🔻 Short Entry: If price fails to hold $0.00001377 and RSI dips further.
🎯 Target: $0.00001203 (next key support).
🛑 Stop-Loss: Above $0.00001399 (invalidates short setup).
⚡ Watch for rejection at $0.00001399! If price fails to break higher and RSI weakens further, downside risk increases.
