🚨 BONK: New Target Reached! What's Coming Next? 🚨
Hello BONKers! 🚀 We’ve reached the previous target of 0.00002450 and are now seeing some correction 📉. Let’s analyze the 1-hour chart and see what's next 🔍.
🔑 Key Observations:
Price Action: After hitting a high of 0.00002450, $BONK has pulled back to 0.00002287. This retracement could be a healthy consolidation, with bulls potentially preparing for another push 📈.
EMA Analysis: BONK remains above both the EMA(50) and EMA(200), signaling a strong uptrend 💪. As long as it stays above the EMA(50), the bulls are still in charge.
MACD: The MACD line is beginning to flatten and approach the signal line 📊, indicating that bullish momentum is slowing. Watch for a potential bearish crossover ⚠️, which might hint at further consolidation.
RSI (14): After peaking above 80, the RSI has now dipped to 62.8, showing a cooldown from overbought levels. This suggests the current dip might be temporary before another upward move 🔄.
🎯 Entry & Exit Points:
Entry: Consider re-entering around 0.00002200-0.00002250, near the EMA(50) support zone, for a potential rebound 📈. This area could act as a solid support.
Take Profit: Target the 0.00002500 level for your next exit 🎯, where resistance could be strong. A breakout above this could pave the way for 0.00002700.
Stop-Loss: Protect your position with a stop-loss at 0.00002150 ⛔ to avoid any sudden downside.
🔥 Conclusion:
BONK remains bullish overall, but be cautious of short-term pullbacks as the MACD hints at slowing momentum. If the price holds above the EMA(50), we could see another rally soon! 🚀
Always DYOR and trade wisely! 📚💰
