$BONK trader choice
Based on the current BONK/USDT 15-minute chart you provided, here’s a quick technical breakdown:
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Support & Resistance Levels:
Key Support:
0.00001542 (MA99) – Acts as strong dynamic support.
0.00001517 – Recent local low.
0.00001408 – 24h low, crucial support if price breaks below.
Key Resistance:
0.00001645 – 24h high and strong resistance zone.
0.00001608 (MA25) and 0.00001615 (MA7) – short-term resistances currently being tested.
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Current Price Action:
Price: 0.00001592 (+12.27%) – Showing recent bullish momentum.
Volume: High activity, suggesting strong interest.
Candles: Recent pullback after touching the 0.00001645 high.
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Entry Point Suggestion:
For Scalping/Short-Term:
Buy zone: Around 0.00001540–0.00001550 (if price retraces to MA99).
Target: 0.00001615 – 0.00001645.
Stop-loss: Below 0.00001510.
For Breakout Trade:
Entry on breakout above 0.00001645 (24h high).
Target: 0.00001700+ range.
Stop-loss: Back below 0.00001600.
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Technical Indicators:
MA(7) > MA(25): Bullish short-term trend.
Order Book: 61.80% buy pressure, showing bullish sentiment.
Volume spikes around 0.00001540–0.00001560 indicate accumulation.#TradingCommunity #TradersCampBoot #ScalpingTrading
