$BONK

/USDT Technical Analysis and Trade Signals🚀🎯

Current Price: 0.00005334 (+35.55%)

24h High/Low: 0.00005490 / 0.00003851

Indicators:

Bollinger Bands (20, 2):

Upper Band (Resistance): 0.00005446

Middle Band (Support): 0.00005201

Lower Band: 0.00004956

SAR (0.02, 0.2): 0.00004891 (Bullish, price above SAR)

Momentum:

Bullish Momentum: Strong as price holds above SAR and the Middle Band of Bollinger Bands.

Volume Confirmation: High 24h volume (10.74T BONK) suggests sustained buying interest, indicating potential continuation of the trend.

Trade Signals:

Long Position (Bullish Setup):

Entry Range: 0.00005250 - 0.00005350 (Current Price Zone)

Targets:

🎯 Target 1: 0.00005500 (Break of 24h High + Bollinger Band extension)

🎯 Target 2: 0.00005750 (Fibonacci extension/resistance zone)

🎯 Target 3: 0.00006000 (Psychological resistance and measured move projection)

Stop Loss: Below 0.00004850 (below SAR and Lower Bollinger Band).

Short Position (Bearish Setup):

Entry Range: 0.00005490 - 0.00005500 (Resistance Zone)

Targets:

🎯 Target 1: 0.00005250 (Retest of Middle Bollinger Band)

🎯 Target 2: 0.00005000 (Key support zone)

🎯 Target 3: 0.00004850 (SAR and 24h low breach)

Stop Loss: Above 0.00005600 (above breakout point).

Additional Notes:

1. Momentum Indicators:

If the price closes above the 24h High (0.00005490) with strong volume, the bullish setup is favored.

Watch for signs of exhaustion near the upper Bollinger Band.

2. Risk Management:

Use trailing stops as the price approaches targets.

Be cautious of rapid reversals as meme coins are highly volatile.

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