$BONK /USDT Technical Analysis
Current Market Structure:
BONK/USDT is currently showing a bullish momentum with a recent price surge. The price is trading above the 24-hour low and 24-hour high, indicating a potential uptrend.
Trade Entry Levels:
Long Entry: Consider a long entry around the 0.00005236 level with a stop-loss at 0.00004655.
Short Entry: A short entry could be considered at the 0.00006230 level with a stop-loss at 0.00006349.
Target Levels:
Long Target: Aim for a target of 0.00005477.
Short Target: A short target can be set at 0.00005477.
Market Outlook:
The current bullish pattern suggests a potential continuation of the uptrend in the short term. However, it's important to monitor the market closely for any signs of reversal.
Leverage:
Use of leverage can amplify both profits and losses. Exercise caution and manage risk appropriately.
