🚨$BONK BONK/USDT UPDATE: Consolidation Before the Next Move? 🚨
$BONK is currently trading at 0.00004474, down by 1.28% as it hovers near a consolidation phase after hitting a recent high of 0.00006230. Despite the minor pullback, the trend shows potential for either a breakout or further correction.
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💡 Key Levels to Watch:
Resistance: 0.00004799 – Breaking above this level could signal a push toward 0.00005200 or higher.
Support: 0.00003141 – Holding this level is crucial to avoid further downside pressure.
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💼 Trade Setup:
Bullish Targets: 0.00005000, 0.00005500, and 0.00006000.
Stop Loss: Below 0.00004000 for risk management.
⚠️ Note: Watch for increased volume and momentum shifts to confirm the next move. Consolidation periods often lead to sharp breakouts or breakdowns.
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