$BONK technical indicators suggest a robust bullish trend for BONK/USDT in the short to medium term. Traders may look to take long positions with a stop-loss below recent support. It's also important to monitor for any signs of trend reversal.
If the price breaks through the resistance at $0.00004000, it could rally toward the next resistance at $0.00005000. A drop below the support level at $0.00003000 might lead to a correction to the next support at $0.00002500. However, the broader bullish trend remains intact.
Trading Strategy
Short-Term: Traders could consider entering a buy position for BONK/USDT, with a target of $0.00004000, while using stop-loss orders to manage risk.
Long-Term: Long-term holders might continue holding BONK as the longer-term outlook is still bullish.
