BONK is fluctuating and consolidating. Can it set a new high? Short-term tactics are precisely laid out!

The current BONK price is $0.00004442, with the highest price of the day being $0.00004622 and the lowest price being $0.00004271. The market is fluctuating and consolidating between $0.000043 and $0.000046, showing a certain amount of momentum, but it is also facing greater uncertainty. If it can break through the current high, it may bring a strong wave of gains, but if the rebound is weak, it may continue to consolidate or pull back.

Technical analysis:

Support and resistance:

Support level: The current lowest point of $0.00004271 forms a strong support. If the price goes down to this position, it may attract buying orders and form a rebound. Resistance level: The highest price of the day, $0.00004622, is the current key resistance level. If it breaks through this position, BONK is expected to attack higher again, with a target of $0.000047.

Bollinger Band Analysis:

The upper track of the Bollinger Band is around $0.0000460. The current price is close to the upper track. If the price breaks through this position, it may start a rapid upward trend. The lower track is $0.0000420. If the price falls below this position, it may increase downward pressure and form a rebound buying opportunity.

RSI indicator:

RSI is currently around 55, not overbought or oversold, indicating that the market is still in a relatively healthy range of fluctuations. If RSI continues to rise and approaches 70, it may enter the overbought zone, suitable for considering short-selling strategies; conversely, if RSI falls back and approaches 30, it may be a signal to go long.

Short-term contract T+0 strategy:

Long strategy:

Entry position: If the price breaks through $0.00004622 and stabilizes above this, you can consider going long, with a target price of $0.000047 or even $0.000048. Take profit position: The target price is $0.000047. If the price continues to rise, it can be held to $0.000048. Stop loss position: If the price falls below $0.000043, stop loss can be considered.

Short strategy:

Entry position: If the price fails to break through $0.00004622 and a pullback signal appears, short selling can be considered around $0.000045, with a target price of $0.000043. Take profit position: The target price is $0.000043. If the price continues to fall, it can be held to $0.000042. Stop loss position: If the price breaks through $0.If the price reaches 000047 USD and continues to rise, stop loss is required.