BONK/USDT Technical Analysis📊: Buying, Selling, and Stop Loss Targets 🎯
Current Price: 0.00004291 USDT
Support Level: 0.00004107 USDT
Resistance Level: 0.00004564 USDT
Trading Data:
24h High: 0.00004564 USDT
24h Low: 0.00004107 USDT
24h Volume (BONK): 3.23T
24h Volume (USDT): 137.85M
Technical Analysis:
Price Trend: BONK is down by -5.21%, reflecting bearish sentiment.
MACD: Negative momentum is slowing down, signaling possible stabilization.
RSI (Relative Strength Index): Near oversold, indicating a potential reversal.
Candlestick Patterns: Consolidation near the support level, with reduced selling pressure.
Step-by-Step Trading Strategy:
Buy Signal:
Entry zone: 0.00004150–0.00004200 USDT (near support).
Breakout entry: Above 0.00004570 USDT for bullish confirmation.
Sell Signal:
Take profit near 0.00004500–0.00004560 USDT (resistance).
Extended targets: 0.00004650–0.00004700 USDT if upward momentum strengthens.
Stop Loss:
Below 0.00004100 USDT to minimize risk.
Target Price:
Short Term: 0.00004500–0.00004560 USDT.
Medium Term: 0.00004650–0.00004700 USDT upon breakout.
Important Notes:
BONK is trading close to its support level, which may attract buying interest.
Monitor trading volume and market sentiment to confirm trend changes.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.