Looking at the $BONK /USDT 4H chart, here’s a quick technical outlook based on Smart Money Concepts (SMC) and market structure:
🔍 Key Observations:
* Price Zone: BONK is currently trading around 0.00001988, just under a premium supply zone (highlighted in red). This area has already seen some rejection.
* Recent BOS (Break of Structure) and CHoCH (Change of Character) show bullish continuation, but...
* Weak High Tagged: The recent push to ~0.00002033 touched a weak high, suggesting potential liquidity grab or inducement.
* Imbalance Zones: Several fair value gaps (FVGs) or demand blocks are unfilled below:
* Around 0.00001782
* Around 0.00001650–0.00001500
⚖️ Equilibrium Zones:
* Equilibrium and EQBOS (Equal BOS) zones lie lower, suggesting the price may return to rebalance.
🧠 SMC Interpretation:
* Current Setup: The price is in premium (above equilibrium) and close to supply. Unless a strong bullish BOS occurs above 0.00002033 with follow-through, we might see a retracement to:
* 0.00001780 (FVG + liquidity zone)
* Possibly deeper toward 0.00001600–0.00001500 (institutional discount zone)
✅ Bullish Bias If:
* Price breaks and holds above 0.00002033 (weak high) with volume, flipping the premium zone to demand.
⚠️ Bearish Caution If:
* Price gets rejected again and closes below 0.00001782, expect a pullback toward equilibrium or deeper FVGs.
Trade here:
