📊 Technical Analysis BONK – July 2025

📅 Date: 23/07/2025

🔍 Recommendation based on current data: ENTER LONG (BULLISH)

Summary of the analysis:

Long/Short Ratio: +1.4 to +1.9 → Market sentiment bullish ✅

Strong technical support: $0.000030 – $0.000032 ✅

Moving average crossover (EMA 50 > EMA 200): Confirmed ✅

Funding rate: Positive (longs are paying) ✅

Recent events:

🔥 Burn of 1.6T tokens (supply reduction)

🐋 Whales accumulating millions in purchases

Risk of short squeeze: Moderate–high if it rebounds strongly 🚀

Suggested entry for LONG:

Buying zone:

👉 $0.0000305 – $0.0000320

Stop Loss (protection):

❌ $0.0000290

Take Profit 1:

🎯 $0.0000360

Take Profit 2:

🎯 $0.0000420

🚫 SHORT is not recommended for now:

There is no clear break of the key support.

Market sentiment is bullish.

Technical indicators support consolidation with possible rebound.

📌 Conclusion:

The technical and market data favor a long entry with a good risk/reward ratio. Only consider short if BONK breaks $0.000029 strongly and with volume.✍️ #BONK #Cryptocurrencies #TechnicalAnalysis #TradingCrypto #CryptoFutures #LongBONK