$BONK Trading Strategy
For Long Positions:
Buy near the support level at $0.00005464 with a target of $0.00005875 (resistance zone).
Use a stop-loss at $0.00005150 to minimize risk.
For Breakout Traders:
Enter after confirmation of a breakout above $0.00005875, with targets at $0.00006230 and potentially higher.
Set a stop-loss slightly below the breakout level to limit losses.
For Short Positions:
Short near the resistance zone at $0.00005875, aiming for a pullback to $0.00005464.
Use a stop-loss above $0.00005950.
Support and Resistance:
Support Levels:
Primary: $0.00005464 (recent low on the 15m chart).
Secondary: $0.00005109 (significant consolidation point).
Resistance Levels:
Immediate: $0.00005875 (recent peak).
Secondary: $0.00006230 (24H high).
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