$BONK $BONK
๐ BONK/USD Technical Analysis: Price Action at 0.00004979 ๐
BONK/USD is currently hovering around 0.00004979, a crucial price point that could set the stage for the next big move. The support level at 0.00004800 remains in focus, and a bounce from this zone could fuel a potential rally toward the resistance around 0.00005200.
๐ Bearish Scenario: A breach below 0.00004800 could open the door for further declines, with 0.00004500 acting as the next key support.
๐ Bullish Scenario: A strong break above 0.00005200 would indicate bullish momentum, with targets potentially reaching 0.00005500 or higher.
๐ก Entry Strategy:
Buy near 0.00004800 support, with a stop-loss just below.
Sell/Short near 0.00005200 resistance if price fails to break higher, targeting a pullback to 0.00004800.
Stay ready for potential breakouts as BONK/USD navigates through these key levelsโthis could be the start of the next move!
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