$BONK Tonight target?
To estimate tonight's target for BONK/USDT, let's analyze key points based on the current chart:
Key Observations
1. Current Momentum:
The price is riding a strong bullish wave, nearing its 24-hour high (0.00005410).
Significant 24-hour gain (+22.21%) suggests strong buying interest.
2. Resistance Levels:
Immediate resistance: 0.00005410 (current 24-hour high). Breaking this level could push BONK toward:
0.00005550 (psychological resistance).
0.00005700 (extension of the trend).
3. Support Levels:
Closest support: 0.00004724 (previous consolidation point).
Stronger support: 0.00004527 (aligned with EMA(25)).
4. Overbought Indicators:
RSI and StochRSI both indicate overbought conditions, signaling a possible pullback or sideways movement.
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Tonight's Targets
Bullish Case:
If the bullish momentum continues and 0.00005410 is broken, the next targets are 0.00005550 and potentially 0.00005700.
Bearish Case:
If a pullback occurs, expect the price to test support levels around 0.00004724 or 0.00004527.
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Strategy Suggestions
For Longs:
If you're already in the trade, consider taking partial profits near 0.00005410 and trail stop-losses.
A clean breakout above 0.00005410 could signal re-entry opportunities for higher targets.
For Shorts:
Overbought conditions could present shorting opportunities near resistance, targeting 0.00004724.
