$BONK /USDT has been consolidating within a narrow range for the past few hours. However, the recent price action suggests a potential bullish breakout. The price has formed a bullish candle pattern and is currently trading above the 20-period Simple Moving Average (SMA), indicating potential upward momentum.
Current Price: $0.00003150
Entry Price: $0.00003160 (Buy Limit Order)
Resistance Levels:
* $0.00003200
* $0.00003250
* $0.00003300
Support Levels:
* $0.00003100
* $0.00003050
Take-Profit Targets:
* TP1: $0.00003200
* TP2: $0.00003250
* TP3: $0.00003300
Stop Loss: $0.00003050
Caution:
Traders should exercise caution and monitor the market closely for any signs of instability or a potential reversal. It's crucial to use proper risk management techniques and consider setting a stop-loss order to protect your investment.
Hashtags: #BONK #USDT #CryptoTrading #Binance #TradingSignal