technical analysis and trade signal for the $BONK /USDT pair, including three target levels and trade momentum:
1. Current Price: 0.00003643 USDT (Up by 3.49% in 24 hours)
2. 24h High: 0.00003803 USDT
3. 24h Low: 0.00003462 USDT
4. Resistance Level (SAR): 0.00003795 USDT
5. Support Level: 0.00003462 USDT
Key Indicators:
Momentum: The price has shown a strong positive momentum (+3.49%) over the last 24 hours, suggesting a bullish sentiment. However, there is resistance near 0.00003795 USDT (SAR level).
Volume: High trading volume (2.32T BONK and 84.98M USDT) indicates strong market activity, reinforcing the potential for a breakout.
Depth Analysis: The order book shows some resistance near the 0.00003803 level, but the support at 0.00003462 holds strong.
Trade Signal:
Entry Price: 0.00003643 USDT
Stop Loss: 0.00003462 USDT (just below the 24h low for safety)
Target Levels:
1. First Target (T1): 0.00003795 USDT (near resistance, SAR level)
2. Second Target (T2): 0.00003850 USDT (potential breakout point)
3. Third Target (T3): 0.00004000 USDT (psychological resistance)
Trade Momentum:
The market is showing a bullish trend with increasing volume and a higher high in price. If the price breaks above 0.00003795 and continues with upward momentum, it could aim for the 0.00004000 level. Watch for any rejection at the resistance zone around 0.00003795 to adjust your position accordingly.
Recommendation: If the price consolidates above 0.00003795, consider holding for the next targets. However, if it drops below 0.00003462, it might indicate a reversal, and you should consider exiting the position.