🔹 $BONK Breakout Alert!
A hefty $53.1K short position was just liquidated at $0.0426, signaling that bulls have taken the reins and bears were caught off guard.
This liquidation highlights a potential shift toward bullish dominance in BONK's market.
Next Move Prediction of $BONK :
Bullish Case:
If BONK maintains upward momentum, we could see a test of the $0.0440 resistance level, with potential to hit $0.046 if the volume stays strong.
Bearish Risk:
A rejection at $0.0440 or failure to hold $0.0426 could lead to a pullback toward $0.0415, a key support level.
Suggestion:
Traders:
Look for confirmation above $0.0430 before entering. A breakout with volume could signal a solid long opportunity. Set stop-losses just below $0.0425 to manage risk.
Investors:
Growing liquidations hint at bullish pressure—accumulation near $0.0420-$0.0426 might be a smart move if the trend stays strong.
BONK is gaining momentum—prepare for sharp moves ahead!
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