The 15-minute chart for $BONK /USDT shows the current price at 0.00003054, indicating a 17.10% increase, which reflects sustained bullish momentum.
Key resistance lies at 0.00003138, with support around 0.00002805, forming a strategic trading range.
For those considering a long position, an entry around 0.00003050 could be optimal if the price holds above support, signifying continued buying pressure.
Take-profit targets can be set incrementally to manage potential gains: TP1 at 0.00003080, TP2 at 0.00003110, and TP3 at 0.00003130. A stop-loss at 0.00003000 is advisable to manage risk if the trend reverses.
Given the recent price action and volume increase, traders should watch for sustained buying, as it could push BONK toward the resistance level, potentially setting up for a breakout if momentum persists.
