**BONK/USDT** Is On Fire 🔥🔥🔥
#BONKKILLER
### **Technical Analysis**
1. **Trend**: BONK/USDT shows a recent uptrend but is experiencing a pullback, as seen by the declining MACD and reduced momentum. The price is above the MA(60), indicating bullish sentiment in the longer timeframe.
2. **MACD**: The MACD line is below the signal line, suggesting short-term bearish momentum, though the decline is mild.
3. **Volume**: Recent spikes in volume may indicate buyer interest near current levels, but follow-up volume needs to confirm the direction.
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### **Trading Strategy**
#### **Long Position**:
- **Entry Zone**: 0.00005530 - 0.00005560 (near MA support)
- **Take Profit (TP)**:
- TP1: 0.00005700 (minor resistance)
- TP2: 0.00005850 (previous high)
- **Stop Loss (SL)**: 0.00005450 (below support zone)
- **Trade Duration**: Short-term (1–2 days) unless momentum strongly shifts.
#### **Short Position**:
- **Entry Zone**: 0.00005650 - 0.00005680 (near current resistance)
- **Take Profit (TP)**:
- TP1: 0.00005530 (minor support)
- TP2: 0.00005400 (major support)
- **Stop Loss (SL)**: 0.00005750 (above resistance zone)
- **Trade Duration**: Short-term (1–2 days) unless further weakness is confirmed.
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### **Contingency Plans**
#### **Plan A**: If price approaches your stop loss quickly:
- Exit at the stop loss to minimize risk.
- Wait for clear reversal confirmation before re-entering a position.
#### **Plan B**: If price consolidates near entry without breaking key levels:
- Reduce position size to minimize exposure.
- Monitor MACD crossover for trend confirmation.
#### **Plan C**: If price moves in your favor but momentum weakens near TP1:
- Close part of the position to lock in partial profits.
- Adjust SL to breakeven or above.
#### **Plan D**: If signals (e.g., volume or MACD) contradict your position:
- Exit immediately and avoid chasing the market.
- Re-evaluate with updated indicators for a clearer direction.
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