$BONK just tapped the trendline + demand zone confluence. Bulls MUST hold this line — or risk a deeper flush. ⚖️
🔍 Chart Breakdown (4H)
📉 Previous Trend:
BONK rallied aggressively from mid-May, pushing into resistance near $0.0000245 before a sharp rejection. Now it's pulling back into support.
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📊 Current Price:
$0.00002162 — down ~1% on the day, hovering just above a key bullish trendline.
🔴 Resistance Zone (Major):
$0.0000240 – $0.0000250
Heavy sell pressure. Multiple rejections. Clear breakout trigger.
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🟢 Support Levels:
$0.00002100 (Horizontal green zone) — backtested demand
$0.00002000 (psych level + structure low)
Trendline support rising since early May
📈 Volume:
Spikes on rallies, fades on pullbacks = classic bullish accumulation behavior.
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📌 Market Structure
BONK is forming a bullish continuation pattern on the 4H:
Retest of previous breakout zone
Higher lows intact
Strong ascending trendline acting as dynamic support
Buyers still in control — but hanging by a thread
A breakdown from here = shift in momentum.
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🚀 What’s Next?
✅ Hold $0.00002100 and bounce = retest of $0.000024
✅ Break $0.000025 = opens $0.000028–0.000030 next
⚠️ Lose trendline = drop to $0.0000200–0.0000188 range likely
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🎯 Trade Plan (DYOR)
Primary Setup:
Entry: Long if price bounces off $0.000021 support zone
TP1: $0.000024
TP2: $0.000028
SL: Close below $0.0000200 (structure invalidated)
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Alternative Setup:
Breakout Entry: Buy on confirmed close above $0.000025
SL: Below $0.000023
TP: Ride momentum to $0.000030
⚠️ Disclaimer:
This post is for informational and educational purposes only. It is not financial advice. Always do your own research and use proper risk Management.
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