[Signal] BONK/USDT - Potential Reversal in Play
Pair: BONK/USDT
Timeframe: 15m
Date: 2025-05-17
Current Price: 0.00001891 USDT
24H Change: -11.76%
24H Low: 0.00001824 | 24H High: 0.00002169
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Technical Overview:
BONK is showing signs of a short-term bullish reversal after hitting the intraday low of 0.00001824.
Strong buying momentum seen in recent candles with increasing volume, hinting at a bounce from oversold conditions.
MACD line has crossed above the signal line slightly, indicating a possible trend shift.
MA(5) is beginning to curl upwards toward MA(10) — a positive short-term sign.
Order Book bias is slightly bullish:
Bid: 51.34% | Ask: 48.66%
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Key Levels:
Support: 0.00001824 (local bottom)
Resistance: 0.00001946 > 0.00002014
Breakout Level: 0.00002083
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Strategy:
Scalp/Day Trade: Look for a breakout above 0.00001946 for quick upside potential.
Stop Loss: Below 0.00001824
Target (short-term): 0.00002014 / 0.00002083
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Risk Note: Overall trend still bearish on higher timeframes (180D: -62.28%, 1Y: -20.75%). Confirm breakout with volume before entering.
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