$BONK /USDT On the Verge: Key Levels for Entry and Strategy!
đ Chart Breakdown:
The BONK/USDT pair has been locked in a descending channel, clearly indicating bearish pressure. The price is now hovering near 0.00002342 USDT, showing signs of potential consolidation.
đĄ Support & Resistance Levels:
âą Support: The nearest support sits at 0.00002300 USDT. This level has been tested and is crucial to watch for a possible rebound.
âą Resistance: Immediate resistance is found at 0.00002450 USDT. Breaking above this level could trigger an upward momentum.
đ Entry Strategy:
âą Short-Term Long Entry: Consider entering at 0.00002342 USDT, with a stop loss around 0.00002300 USDT. Target the next resistance at 0.00002450 USDT.
âą Short-Term Short Entry: If the price fails to hold above 0.00002300 USDT, a short position with a target of 0.00002250 USDT and stop at 0.00002350 USDT could be ideal.
đ Long-Term Potential: A breakout above 0.00002510 USDT could signal a bullish trend reversal, making 0.00002600 USDT the next target for long-term gains.
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