$BONK
USDT BEARISH REJECTION EXPECTED ā WATCH FOR A SHARP PULLBACK!
š Explanation:
$BONKUSDT is currently testing a strong resistance zone near 0.00001837 after a sharp bullish recovery. However, previous rejections from this zone indicate potential downside as sellers step in to protect it.
š Key Levels:
Resistance: 0.00001850 ā 0.00001900
Support: 0.00001250 ā 0.00001300
Current Price: 0.00001837
šÆ Trade Setup (Short Entry):
Entry Zone: 0.00001830 ā 0.00001850
Take Profit (TP):
TP1: 0.00001600
TP2: 0.00001400
TP3: 0.00001250
Stop Loss (SL): 0.00001920
š Market Outlook:
The price has rallied strongly into a major resistance where a reversal pattern is forming. Unless it breaks and sustains above 0.00001900, a rejection and drop towards lower support levels is likely in the coming sessions.
ā ļø Risk Management:
Always use strict stop-loss to protect against false breakouts. Manage your lot size based on capital and avoid entering trades without clear confirmations in such resistance zones.
buy and trade here on $BONK