$BONK Long Liquidation Update

A significant $9.90K liquidation of $BONK occurred at $0.03155.

This could mean heavy selling pressure or a critical price movement in the market.

Let’s explore the next steps for 1000BONK.

Current Market Insights

1. Price Level: Hovering around $0.03155.

2. Market Sentiment: Bearish due to liquidation.

3. Key Support Zones: $0.03000 - $0.03100

4. Key Resistance Zones: $0.03200 - $0.03350

What’s Next for 1000BONK?

Two scenarios are possible:

Upside Potential: If it holds support at $0.03000, a bounce toward resistance is likely.

Downside Risk: Breaking below $0.03000 could push it lower to $0.02800.

Buy Zone, Targets, and Stop Loss

Short-Term Trade

Buy Zone: $0.03050 - $0.03100

Target 1: $0.03200

Target 2: $0.03300

Stop Loss: $0.02980

Swing Trade

Buy Zone: $0.02950 - $0.03000

Target 1: $0.03250

Target 2: $0.03400

Stop Loss: $0.02850

Trading Tips

1. Risk Management: Use only 2-3% of your portfolio for this trade.

2. Monitor Volume: Watch for buying volume at support levels.

3. Set Alerts: Stay alert for a bounce or breakdown near $0.03000.

4. Market Trends: Keep an eye on overall market sentiment and Bitcoin's performance.

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