$BONK
๐ ๏ธ BONK/USDT Trade Setup
๐ข Bias: Short-Term Bullish (speculative meme momentum)
๐ Entry Zone
Entry Price: $0.00001450 โ $0.00001510
(Current price hovers around here โ wait for minor pullback or breakout confirmation)
โ Stop Loss
Stop: $0.00001380
(Below local support and last minor swing low โ helps protect from downside wicks)
๐ฏ Take Profit Targets
TP1: $0.00001620 โ Previous local high
TP2: $0.00001750 โ March resistance zone
TP3: $0.00001900 โ Psychological level and momentum extension
๐ง Risk/Reward
R:R is roughly 1:2.5 to 1:3.5 depending on target.
Ideal position sizing: Risk 1โ2% of your portfolio.
๐ Optional Indicators to Watch
RSI: Currently ~33 โ approaching oversold โ bounce potential.
MACD: Look for a bullish crossover on the 4h chart.
Volume: Needs rising volume on breakout for confirmation.
๐ Strategy Notes
Youโre betting on a bounce from oversold or breakout continuation.
If volume + sentiment on Solana ecosystem stays strong, BONK could ride that wave.
Always monitor BTC โ meme coins follow broader trends closely.
Trade here $BONK
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