$BONK /USDT Analysis: Momentum Building for a Key Move
Current Price: $0.00003204
#BONK has surged nearly 10% in the past 24 hours, reaching a high of $0.00003278. The price is consolidating near its resistance, signaling a potential breakout or retracement.
Key Levels to Watch
Support Zones:
$0.00003150: A crucial support level for maintaining the bullish structure.
$0.00003028: Strong support, critical to avoid further downside.
Resistance Levels:
$0.00003278: Immediate resistance; a breakout could signal a continued rally.
$0.00003350: Key level to watch for extended bullish momentum.
Trade Ideas
For Bulls:
Entry: Consider entering around $0.00003150.
Targets: $0.00003278 (short-term) and $0.00003350 (next target).
Stop Loss: Below $0.00003028 to minimize risk.
For Bears:
Entry: Short positions can be considered if BONK breaks below $0.00003150.
Targets: $0.00003028 and $0.00002950 for potential downside.
Stop Loss: Above $0.00003220 for risk management.
Monitor closely for volume spikes near resistance or support levels......