**BONK/USDT** Is Rising Now #BONK🔥🔥
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### **Market Overview:**
1. **Current Price**: 0.00004877 (up by 11.40%).
2. **Indicators Visible**:
- **MACD**: Shows a bearish crossover (DIF below DEA) indicating potential downward momentum.
- **Volume**: Declining after a significant spike, signaling reduced buying/selling pressure.
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### **Long Entry & Exit Strategy:**
1. **Entry Point**: Wait for a retracement near the **MA60 (0.00004729)** or a confirmed bullish crossover on the MACD.
2. **Take Profit (TP)**:
- **TP1**: 0.00005078 (recent high resistance).
- **TP2**: 0.00005500 (psychological resistance).
3. **Stop Loss (SL)**: Below **0.00004535** (recent swing low).
4. **Trade Duration**: Short-term (few hours to a day).
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### **Short Entry & Exit Strategy:**
1. **Entry Point**: If price fails to break **0.00004897** (current minor resistance) and MACD remains bearish.
2. **Take Profit (TP)**:
- **TP1**: 0.00004716 (support near MA60).
- **TP2**: 0.00004500 (psychological level).
3. **Stop Loss (SL)**: Above **0.00004950** (near recent high).
4. **Trade Duration**: Short-term (few hours).
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### **Contingency Planning (If Signals Reverse):**
- **Plan A**: If a long position hits SL but the price consolidates near support (MA60), re-enter with a tighter SL.
- **Plan B**: If a short position is invalidated, close the trade and wait for confirmation (price breaking above 0.00004950).
- **Plan C**: Monitor the RSI (not visible in screenshot) for overbought/oversold conditions to validate the next trade.
- **Plan D**: Use trailing SL to lock in profits during sudden volatility.
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### **Additional Notes:**
1. Monitor **volume spikes** for confirmation of breakout or breakdown.
2. Check lower timeframes (e.g., 15m or 30m) for better entry timing.
3. Stay updated with market news or events influencing BONK/USDT.
Let me know if you'd like a deeper dive into specific strategies or more detailed setups. #XRPPriceAction #DEXXBreach #USDebt36Trillion $BONK