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$BONK /USDT Consolidating Near Support, Potential Bullish Breakout
BONK/USDT has been consolidating near the support level of 0.00003080 for the past few hours. The price has been forming lower highs and lower lows, indicating a bearish trend. However, the recent price action suggests a potential bullish reversal.
Current Price: 0.00003086
Entry Price: 0.00003080 (Buy Limit Order)
Resistance: 0.00003100, 0.00003120, 0.00003140
Support: 0.00003080, 0.00003060, 0.00003040
Take-Profit Targets:
* TP1: 0.00003100
* TP2: 0.00003120
* TP3: 0.00003140
Stop Loss: 0.00003060
Caution:
Traders should be cautious as the market is currently consolidating. A break below the support level of 0.00003080 could invalidate the bullish scenario. It's important to monitor the market closely for any signs of stability or potential breakout signals.
#BONK #USDT #CryptoTrading #TechnicalAnalysis #Binance