Here is your professional and aggressive technical analysis post for Binance Square:
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$BONK USDT BEARISH REVERSAL: WEAKENING MOMENTUM BELOW 0.00001750 🔻
BONK reached a high of 0.00001749 but faced immediate rejection, leading to a steady decline towards 0.00001679. The formation of lower highs on the 15M chart indicates fading bullish strength and growing seller control.
📊 Trade Setup:
Short Entry Zone: 0.00001680 – 0.00001700
Take Profit 1: 0.00001650
Take Profit 2: 0.00001620
Stop Loss: 0.00001755
💡 Market Outlook:
BONK is showing a bearish structure with consecutive red candles forming after rejection at resistance. Sustaining below 0.00001700 could accelerate downside momentum towards 0.00001620, especially if market sentiment remains risk-off.
⚠️ Risk Management:
Use only 2-3% of your wallet per trade with strict SL discipline to manage high volatility in meme coin trades.
buy and trade here on $BONK