#TrumpDeFi
---$BONK
BONK
0.00002332
+5.76%
1000BONK/USDT Technical Analysis â A Major Breakout on the Horizon! đ
The 1000BONK/USDT pair is showing strong potential as it moves away from the critical support area around 0.0238. This area has provided strong support, allowing for potential upward momentum, and we could see a breakout soon.
đ· Support Zone Analysis: After several days of consolidation within the support zone, buyers are stepping in, already pushing the price up by +5.72%. Repeated tests of this zone show how well this level has held up, indicating that it could serve as a springboard for the next leg up.
đ· Trendline Breakout: We can observe a descending trendline forming a resistance pattern since July 2024, which is currently being tested. The price is now breaking through this resistance level, which is usually a strong bullish signal. If the momentum continues, this breakout could lead to a significant rally.
đ· Price Targets: If the breakout occurs as expected, the next target is set at 0.0478, the recent high from early 2024. Once this level is reached, there is a high probability that the momentum will continue to 0.0600, the major resistance level from the previous highs. A 100% or more increase is possible if the trend continues.
đŻ Objectives:
First target: 0.0478 (potential gain of around 50% from current levels)
Second target: 0.0600 (gain greater than 100%)
đ» Risk Management: To protect your capital, it is wise to place a stop loss just below the 0.0210 support level in case the market reverses. This will minimize any downside risk, especially in the event of a false move and price reversal.
đ Bottom line: This is a critical moment for 1000BONK/USDT. As the trendline breakout approaches, all eyes should be on this pair. If the resistance breaks, we could see a strong push towards our targets, offering excellent returns. Remember that managing your risk is just as important as realizing potential gains, so plan your trades accordingly.
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Stay tuned to this channel for more updates as we follow this breakout. Don't miss out on potential opportunities! đ°đč
#BTCSoarsTo 68K
