BONK is about to break out! Will it rise sharply or fluctuate sideways in the short term? A complete analysis of the T strategy!

BONK's current real-time price is $0.00004295, with large intraday fluctuations, the highest price is $0.00004593, and the lowest price is $0.00004241. From a technical point of view, the price of BONK is currently in a range of fluctuations, with large price fluctuations, but the overall market sentiment is relatively stable, and it has not yet clearly pointed to a unilateral market. At this time, short-term investors can pay attention to the changes in key support and resistance levels.

Technical analysis:

Support and resistance:

Support level: $0.00004241, the current intraday low. If the price falls below this position, it may further pull back to around $0.00004200. Resistance level: $0.00004593, the highest point of the day. If the price breaks through this position, it may test $0.00004600, or even higher.

Bollinger Band Analysis:

The upper rail of the Bollinger Band is at $0.00004593, which is consistent with the current intraday high. If the price breaks through this point, it may continue to move upward. The lower rail is at $0.00004241. If the price falls below this position, it may test $0.00004200 as a new support level.

RSI indicator:

The current RSI value is 57, which is in the neutral area. There is no obvious overbought or oversold signal in the market, and the price still has a large fluctuation space. If it breaks through the upper rail and enters the overbought range, it may drive the price to rise further.

Short-term contract T+0 strategy:

Long strategy:

Entry position: If the price breaks through $0.00004593 and continues to stabilize, you can consider going long. Stop profit position: The target price is $0.00004600 to $0.00004700. If it breaks through $0.00004600, the price is expected to rise further. Stop loss position: If the price falls below $0.00004241, it means that market sentiment has weakened and stop loss should be stopped in time.

Short strategy:

Entry position: If the price fails to break through $0.00004593 and there is a pullback to the support level (such as $0.00004241), you can consider shorting. Take profit position: The target price is $0.00004200 to $0.00004150. If it falls below $0.00004200, it may further pull back to a lower position. Stop loss position: If the price breaks through $0.00004600 and the trend continues to rise, stop loss and exit. $BONK