🔸 BONK/USDT – Range-bound Movement with Breakout Potential | Master Trade Analysis 🔸

Overview:

$BONK is currently trading at $0.00001098, up +1.86% in the last 24 hours. On the 30-minute timeframe, the price is consolidating between $0.00001071 (support) and $0.00001112 (resistance). The Bollinger Bands indicate reduced volatility, suggesting an upcoming breakout.

Technical Analysis:

🔹 Bollinger Bands: The price is near the middle band ($0.00001097), with upper resistance at $0.00001108.

🔹 RSI (6): 52.70, signaling neutral momentum with room for movement in either direction.

🔹 MACD: DIF: 0.00000002, DEA: 0.00000001, MACD: 0.00000000, showing weak momentum.

🔹 Volume: 2.33B, suggesting steady market interest.

🔹 MA (5 & 10): 5-MA (6.31T) > 10-MA (4.45T), confirming an uptrend.

🔹 OBV: 423.84B, indicating stable accumulation.

🔹 Stochastic (K/D/J): K: 76.77, D: 71.11, J: 88.09, suggesting potential overbought conditions.

Trade Strategy:

🔹 Support Zone: $0.00001071 - $0.00001075 (good re-entry for longs).

🔹 Resistance Levels: $0.00001108, then $0.00001118 for an upside breakout.

🔹 Stop-Loss Placement: Below $0.00001070 to limit downside risk.

🔥 Master Trade Setup 🔥

✅ Scalping: Buy $0.00001080, target $0.00001105, SL $0.00001070.

✅ Swing Trade: Buy $0.00001075, target $0.00001118 - $0.00001130, SL $0.00001065.

⚠️ A breakout above $0.00001112 could push BONK towards $0.00001130.

🛡️ Risk Management:

🔹 Risk 2-5% per trade.

🔹 Maintain a 1:2 risk-to-reward ratio.

🔹 Monitor RSI—above 70 may indicate a selling zone.

🔹 Watch for increased volume on breakout attempts.

💬 Will $BONK break resistance, or is a pullback coming? Let me know your thoughts below!

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⚠️ DYOR before trading, crypto is highly volatile!

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