๐ฅ $BONK /USDT Technical Analysis - Bulls or Bears? ๐
BONK is currently trading at $0.00003173, showing mixed signals as it hovers around a critical zone.
๐น Support Level: The immediate support is at $0.00003050. If the price holds here, buyers may push it higher. A break below this level could lead to further declines towards $0.00002850.
๐น Resistance Zone: On the upside, resistance is found between $0.00003300โ$0.00003400. A strong breakout above this zone could trigger a bullish rally, with a potential target of $0.00003600.
๐ Entry Strategy:
For Bulls: Watch for a confirmed bounce from support or a breakout above $0.00003300 to enter long positions, targeting around $0.00003600.
For Bears: Look for rejection at resistance or a breakdown below $0.00003050 for shorting opportunities.
โ ๏ธ Key Takeaway: BONK is at a critical decision point. A breakout above resistance could spark bullish momentum, while failing to hold support might favor the bears.
Stay focused and trade with a plan! ๐