BONK/USDT Technical Analysis๐: Buying, Selling, and Stop Loss Targets ๐ฏ
Current Price: 0.00004795 USDT
Support Level: 0.00004412 USDT
Resistance Level: 0.00004856 USDT
Trading Data:
24h High: 0.00004856 USDT
24h Low: 0.00004412 USDT
24h Volume (BONK): 2.36T BONK
24h Volume (USDT): 108.13M USDT
Technical Analysis:
MA (Moving Average): Uptrend confirmed with consistent buying interest.
MACD: Positive divergence, indicating bullish momentum.
RSI (Relative Strength Index): Near neutral, with room for upward movement.
Bollinger Bands: Price approaching the upper band, signaling potential breakout.
Fibonacci Levels: Support aligns near 0.00004600 USDT, key for retracement.
Step-by-Step Trading Strategy:
Buy Signal:
Enter near 0.00004600โ0.00004795 USDT if the price holds above support.
Buy on a breakout above 0.00004856 USDT for potential higher targets.
Sell Signal:
Take profit near 0.00004856 USDT (resistance level) if the price faces rejection.
Set trailing stops to capture further gains if breakout sustains.
Stop Loss:
Place a stop loss below 0.00004412 USDT to manage risk.
Target Price:
Short Term: 0.00004856 USDT (resistance level).
Long Term: If breakout occurs, aim for 0.00005000 USDT or higher.
Important Notes:
Best Time to Buy: When price consolidates near support or on breakout above resistance.
Best Time to Sell: Near resistance levels or use trailing stops to secure gains.
Always confirm live market trends before trading.
Disclaimer:
Trading involves risks. This is not financial advice. Perform your own research and trade cautiously.
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