$BONK Trading Setup:

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Entry (BP): $0.019472

Stop Loss (SL): $0.018096

Take Profit (TP): $0.020945

Bonk has pulled back into a critical support region between $0.019472 and $0.013635, aligning with the 78.6% and 38.2% retracement levels of its initial rally. This zone is crucial for Wave 2; if Bonk dips below $0.019472, it could break the structure, favoring the Yellow scenario. While this scenario suggests a potential low, I still prefer the White count unless Bonk falls below $0.018096. The 100% extension target at $0.020945 is another key level within this support zone. Although the possibility of a running or expanded flat Wave 2 remains, the structure of the decline is unclear, making it difficult to pinpoint the start of Wave 3. However, a break above $0.025321 or a trend line break could be early indicators of Wave 3's onset.

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