🚨 BONK Price Analysis: Key Levels to Watch! 🚨
Below is a detailed analysis of the BONK/USDT pair based on the 4-hour chart. This will help you make informed trading decisions.
Resistance level:
- The main resistance is at 0.00003430 USDT.
- Immediate resistance is at 0.00002863 USDT.
- Secondary resistance at 0.00002598 USDT.
Support level:
- 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 high trading volume levels.
- High volume nodes around 0.00002227 USDT and 0.00001999 USDT, act as support levels.
RSI indicator:
– RSI is at 52.47, indicating neutral momentum.
- A break above 60 could indicate bullish momentum.
- A drop below 38 could signal bearish momentum.
Bottom line:
- Watch for a break above 0.00002598 USDT to confirm the bullish trend.
- A drop below 0.00001999 USDT could signal further downside risks.
- Watch the RSI for momentum changes.
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