🚨 BONK: Potential Entry & Exit Points Based on Technical Analysis 🚨

Hey guys! Let’s break down $BONK 's daily chart and what it signals for potential trades 🔍.

📊 Price Action:

Currently trading at 0.00001721 USDT, BONK is attempting to stabilize after hitting a high of 0.00003480 USDT. It’s consolidating, showing signs of a potential breakout 📈.

🔑 Key Indicators:

EMA (7, 25, 99):

The EMA(7) is still below the EMA(25), confirming short-term downtrend 📉, but a crossover could be imminent. BONK remains below the EMA(99), so breaking 0.00002000 USDT will be key 🔓.

MACD:

A bullish MACD crossover is forming 💡. The weakening bearish momentum is reflected in the narrowing lines, making this a possible buy opportunity 📈.

RSI (14):

RSI is at 43.94—neutral, but rising. A break above 50 could signal a stronger upward move 🚀.

🎯 Entry & Exit Points:

Entry: Consider buying on a break above 0.00001750-0.00001800 with a confirmed MACD crossover and strengthening RSI 🟢.

Exit: Look to take profits around 0.00002000-0.00002200 where resistance lies. Partial exits could be a smart move 🔑.

🛡️ Stop-Loss:

Set your stop-loss at 0.00001500 USDT to protect against downside while allowing room for volatility ⛔.

🚀 Conclusion:

BONK shows potential bullish signs 📈. Watch for MACD confirmation and monitor resistance levels. Stay safe and trade smart 🔍.

Not financial advice—always DYOR! 🚨

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