๐จ BONK Price Analysis: Key Levels to Watch! ๐จ
Here's a detailed analysis of the BONK/USDT pair based on the 4-hour chart. This will help you make informed trading decisions.
Resistance Levels:
Major Resistance at 0.00003430 USDT.
Immediate Resistance at 0.00002863 USDT.
Secondary Resistance at 0.00002598 USDT.
Support Levels:
Major Support at 0.00001500 USDT.
Immediate Support at 0.00001999 USDT.
Volume Profile Analysis:
POC (Point of Control) is at 0.00002238 USDT, indicating a strong level of traded volume.
High Volume Nodes around 0.00002227 USDT and 0.00001999 USDT, acting as support levels.
RSI Indicator:
RSI is at 52.47, suggesting a neutral momentum.
A break above 60 could indicate bullish momentum.
A dip below 38 might signal bearish momentum.
Key Takeaways:
Watch for a break above 0.00002598 USDT for bullish confirmation.
A drop below 0.00001999 USDT could signal further downside risk.
Keep an eye on the RSI for momentum shifts.
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