$BONK
/USDT Technical Snapshot ๐๐
Current Price: 0.00003565 USDT
24h High: 0.00003855 USDT
24h Low: 0.00003493 USDT
$BONK is currently facing a sharp 7.45% drop, with the price slipping towards its daily low of 0.00003493. The volume's solid, with over 1.41 trillion BONK tokens traded in the last 24 hours, showing high activity, but sentiment appears negative for now.
Key Levels:
Support: 0.00003493 (daily low, potential bounce area)
Resistance: 0.00003855 (the recent high, a key level for any bullish reversal)
Mid-Range: 0.00003670 (a key level to watch for a possible breakout or breakdown)
Indicators:
Bollinger Bands: Price is near the lower band, suggesting oversold conditions and potential for a bounce.
MACD: Bearish momentum with potential for reversal if the price holds above support.
Trade Strategy โก๏ธ
Long Play (If the Bounce Holds)
Entry: 0.00003500โ0.00003550
Target 1 ๐ฏ: 0.00003670 โ Mid-range resistance.
Target 2 ๐ฏ: 0.00003750 โ Resistance level if the rally gains steam.
Target 3 ๐ฏ: 0.00003800 โ Key resistance to test the bullish trend.
Stop Loss: 0.00003450 โ Below support to minimize risk.
Short Play (If the Downtrend Continues)
Entry: 0.00003550โ0.00003600
Target 1 ๐ฏ: 0.00003450 โ First support test.
Target 2 ๐ฏ: 0.00003400 โ Deeper support zone.
Target 3 ๐ฏ: 0.00003350 โ A bearish continuation move.
Stop Loss: 0.00003700 โ Above resistance for protection.
Summary ๐
Bullish Scenario: A bounce from 0.00003493 with a break above 0.00003670 could signal a move to higher levels.
Bearish Scenario: A break below 0.00003493 could lead to further downside, targeting 0.00003350.
The market's volatile, so keep a close eye on the key levels for your next move!